Catch42

Are lots of websites really going downhill and/or closing or does it just seem like it to me?

Like many people I'm here because of reddit going to shit. Twitter has increasingly been shit. gycat is shutting down in September. To me it seems like lots of bastions of social media are crumpling, but as a previous active reddit user, I've been personally effected. Is this just a [frequency... #business #reddit #twitter #gyfcat #tech

https://kbin.social/m/tech/t/129689

Are lots of websites really going downhill and/or closing or does it just seem like it to me? - Technology - kbin.social

Like many people I'm here because of reddit going to shit. Twitter has increasingly been shit. gycat is shutting down in September. To me it seems like lots of bastions of social media are crumpling, but as a previous active reddit user, I've been personally effected. Is this just a [frequency...

Jul 3, 2023 at 1:39amWeb
Show threadnothingcorporateJul 3, 2023
This is the enshittification of the Internet. Cory Doctorow wrote about it here: https://pluralistic.net/2023/01/21/potemkin-ai/#hey-guys and it explains why this was always going to happen.
Show threadMaxcoffeeJul 3, 2023

Interesting read.

The likes of Spez were just not that intelligent enough to figure out how to make Reddit pay before the VCs called in the investments. Not that it's an easy problem to solve, but if you're going to take on money like Reddit did you sure as hell needed a better plan then leaving it up to later to figure out. Amazon had a plan clearly, Reddit did not.

Also, what Reddit is now doing mimics a little of what Facebook did too, the enshitification of your feeds (just look at the app). They're just hoping Reddit is as addictive as Facebook is and you'll stick around regardless. I wonder if they recent;y hired some new advisers that told them to make these recent changes too?

Show threadblazeraJul 3, 2023
Im glad decentralized social media is picking up steam. No more of these major communication platform rug poolings for everyone. Now at worst individual instances can implode and everyone just has to move to a different instance or self-host, and still access communities on every other instance.
Show threadtakedaJul 3, 2023

So first thing, Twitter is different than the rest. Elmo purchased it and he is doing some things to it that looks crazy.

Reddit CEO admitted that his API changes are inspired by Elmo's Twitter changes, he likely wouldn't double down if that didn't happen to Twitter as well.

Anyway, to show inflation the government increased interest rates. Which made investors thinking, "why should I put my money in this risky business that doesn't even generate money, when I could purchase government bonds and add long as government doesn't default I will get 5%?

This actually put pressure on trash startups that don't generate profits.

Ironically it is more like how much interest have been historically. It's just that after we had recession it was lowered to not turn it into depression. Then it was kept at nearly 0% until now.

Side note: if your bank still offers still nearly 0% interest rate in your savings account, they are making killing on your money and they are counting you won't notice, because people got used to those low interest rates.

Show threadTacoButtPlugJul 3, 2023
I think it's orchestrated. I think it's intentional. I think the internet is under attack in the capacity that we know it as. I know it makes me sound conspiratorial but ever since Musk overtook Twitter every big social CEO has praised is approach. Musk fucked the internet up as we know it and Rupert Murdock showed media moguls that they can push trash and make heaps of money. There's no incentive to run quality content online and Musk started the downturn of that realization. I think we're in for some troubling times.
Show threadSilviecat44Jul 3, 2023
I think that is a conspiracy theory and wrong.
Show threadTacoButtPlugJul 3, 2023
@Silviecat44
Upvoted cause that's honestly valid.
Show threadOnii-ChanJul 3, 2023
I personally can't wait to see it all burn. This last year especially has shown me how many people are just getting fucking sick and tired of centralized, corporate bullshit, even if they aren't consciously aware of why (things like issues listing items on Marketplace due to false auto-removals, no way to contact a human being for help with a business issue, spam, bots, unintentional bans/excessive moderation, etc.) At the end of the day, when the average person starts to complain about shitty UI and too many ads, you know a platform has peaked - and it's happening everywhere. Social media has had its time in the sun. I want it to fucking crumble now.