this post was submitted on 16 Jun 2023
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The quality of moderation will decrease significantly with no API.
Reddit itself will continue to cut costs to achieve profitability. Quality of services will probably decrease.
It will IPO amid mounting negative sentiment, and the stock will plummet. You'll start seeing loads of ads for Reddit (a place funded largely by ads).
It'll eventually be bought by an even worse company. Probably a competitor who low key wants it dead.
All the while, fewer and fewer communities will have quality moderation.
There's still time to build, though. And that's what's happening here, I think.
I'm sure there's another chudionnaire out there looking to beat his high score for most squandered capital
Their complete disregard for users, mods, and devs has completely shifted my interest away from Reddit. Even if they weren't shafting third party apps, spez has completely burned any goodwill they had.
Reddit has, in not so few words, stated clearly that it doesn't give two shits about us and is purely chasing profits at this point while monetizing user generated content.
Lemmy may be in its infancy still, but the memes are dank and the posts have genuine engagement. Also the little Lemmy rat is cuter than Snoo. 🐀
It's been a while since I made the above comment, and I'm surer now. There's got to be some corporate raiding at play with regard to IPO. Really bad optics that seem almost deliberate.
It legitimately feels like they're putting every single effort regardless of consequence into the IPO, then selling out / taking severance / etc. Iunno, it's their problem and not ours now 😁
The corporatist to fascist pipeline, and all that. It's our problem in that Meta is already casting its eye at the fediverse. Lemmy and its ilk are a threat to corpo hegemony in the social media space, and if they can ruin it, they will. Spoiler warning: they can.
Since moving to Lemmy a few weeks ago I genuinely didn't realise just how many ads I was being served via Reddit which weren't guised as actual paid ads. I legit can say after weeks of trawling Lemmy, I don't think I have seen a single brand or image of a brand being posted anywhere.
On Reddit it was every few posts....
I haven't been back now for at least 4 weeks and at this point, no longer miss it. Between Lemmy, Chan and couple of other sites I get news from, the void of no Reddit has been filled.
Really enjoying my time with Lemmy.... It reminds me of early web :) I hope it doesn't change!