What else will be left to IPO once every subreddit has gone dark?

https://reddark.untone.uk/

When you upset a community-driven platform, you always get your comeuppance sooner than later.

Reddark

An open source website to watch subreddits going dark

@viticci I think your 1/3rd stat is inaccurate. I believe the total shown on that site represents a list of subreddits that have said they will go dark. Not total subreddits.

As of May 2022, there are 3.4 million subreddits. Source: https://www.businessdit.com/how-many-subreddits-are-there/

How Many Subreddits Are There 2022 [Subreddit Statistics]

As of May 14, 2022, there are 3.4 Million Subreddit created & 138,000 active subreddits

BusinessDIT
@viticci my heart wants this to completely reverse for the benefit of @christianselig , all of the developers and all of us, the users, because Reddit has become too valuable a resource! Unless it doesn’t, and we all exercise some effort and patience, and move all of our work over, ala @Mastodon or #bluesky

@mkbomb1 @viticci @christianselig @Mastodon I think we're already too far down the road, with Huffman's recent behaviour towards Christian Selig and other third-party devs; there's no rowing back from that.

There are positives though: the exodus to #fediverse services is good for the long-term health of the Internet, and I'm just one of thousands trying it out over the last week.

@viticci really disheartened by this move from Reddit. But at least I gained a spot back on my home screen and saving $60/yr for Reddit premium.
@viticci It’s absolutely mesmerizing watching this in real time…

@viticci I was seeing some mods announce the blackout, along with a "fuck it, as long as it takes, we're making it indefinite!" post.

Several people responded asking what this was about, because they "really only use this subreddit and don't follow this stuff."

Reddit underestimates how much closer mods are to the users than they are, this will definitely cost them something. A whole lot of those active users are pretty narrowly focused, and only stay for one random community.

@unlofl @viticci I hope they make it indefinite. 48 hours doesn't really change anything. Reddit is right now just waiting for everything to go back to normal on Wednesday.
@viticci I wonder if this Reddit thing will be taught in business school in a few years.

@viticci
It's there a way to turn off the on screen notices? On mobile I can't actually see the site after a few seconds...

@Gargron

@viticci it really is almost every sub right now too! Every time I check more and more subreddits are pledging to join and/or are signing off early!
@viticci what other platforms people are switching to?
@viticci Reddit should realize they screwed up when you get AITA and Cats involved in going private.

@waynedixon @viticci in a way, this has come down to Reddit trying to strongly herd mobile users into using their official app, so they can increase their ad revenue, & it’s hobbled or completely interfered with a lot of moderation teams.

Many of those mod teams remember the Bad Old Days of 2015-2020, when Reddit welcomed violent white supremacists & misogynists, & mod teams did 99% of the effort in dealing with those, while Reddit admins did 1% of the effort.

@viticci Given that Huffman publicly disclosed that the corporation is not profitable, and that kind of statement sabotages IPOs, there’s a really good chance they’re not IPOing any longer, and are headed straight towards “privately held profitable business or bankruptcy”, make or break.
@PennyOaken even the CEO admits they aren’t profitable (not without taking a snipe at 3rd party apps mind you)
@PennyOaken @viticci God I hope they go bankrupt

@viticci

I don’t want this to be true but I said something similar in threads declaring the end of Netflix due to them ending account sharing - Not enough people care about this and the fact that more subs can be created means that even if the blackout disrupts usability initially, either those mods will just be removed by admins or people will move to other subs.

That said, I’m deleting 14yrs of submissions and comments and moving to Lemmy. Fuck Spez.

@viticci It won’t mean anything if people just go back to reddit after two days though.
@Abazigal @viticci Maybe, but an argument can be made that a 2 day blackout might force the admin "back to the table" once they see the drop in traffic and with the threat of infinite closures. Or it won't make any difference and then the rediits can go dark indefinitely at that time. Doesn't hurt to see what happens, unless the real motivation is to burn it to the ground regardless.

@viticci

I wonder if anyone has figured out a way to IPO pure debt companies,, Like bankrupt ones... Or ones on the way there... Kind of like Twitter.

Closing Time GIF - Find & Share on GIPHY

Discover & share this Closing Time GIF with everyone you know. GIPHY is how you search, share, discover, and create GIFs.

GIPHY
@viticci Issue is, some (if not many) of those subs will bounce right back by the end of the week. I doubt every single one of them is going dark forever...
@iagondiscord @viticci
That's also what I'm thinking. A two-day tantrum that reddit will just wait out, and then things will more-or-less go back to normal I'm afraid.
@viticci also the twitch stream if the website isn’t loading g for you https://m.twitch.tv/reddark_247
reddark_247 - Twitch

Reddark 24/7 counter stream (reddark.untone.uk)

Twitch
@viticci @danieletorelli I’m really excited looking at this. Of course I’m really sad about the subreddits and the content that’s going just into the void, but I actually think we are entering an age where users are starting to be aware of how much they are key to these companies’ success

@dottorblaster @viticci I totally agree. It’s a necessary step. Communities like Reddit have become too valuable because of their content. The content is always provided by users. So the users are the value of those companies. Having this value centralized in hands of a single company that needs to use it to monetize caused what we see today.

That’s why the Fediverse is important: with pros and cons, it distributes this value back to many, to who it belongs.

@danieletorelli @viticci I absolutely agree, and Reddit was still largely grep-able by search engines. I saw communities hosting contents on Discord. That’s really chaotic evil. Proprietary platform *and* nothing to help you out with indexing.

Maybe people are taking the Internet back.

But this is really a long shot.

@viticci The stripped skeleton of the Reddit API that has been repurposed. Like marble from the Colosseum.
@viticci holy cow, there's so many now!
@viticci Wondering what the point of going dark for only 48 hours is. They should go dark until Reddit changes their policy