this post was submitted on 21 Aug 2023
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I agree with some of your conclusions, but not others, and also not the overall concept. Yes, Reddit is not going to die or disappear. Twitter, I'm not sure how it will be thriving in the future, but it will likely still exist.
Essentially your main point is that the style of Facebook, mainly, a walled garden with profiling and targeted advertising, has beat more open commercial models. In terms of profitability, that is true. Companies based on that model, Google and Facebook, have been making a lot more money for years than companies less focused on user identity and advertising, like Reddit and Twitter. As far as whether there is profit in anonymity, I definitely don't agree that non-profiled users are "indistinguishable from bots", but yes, companies can make a lot more by abusing user privacy. Some people are growing tired of this, but not enough or for long enough. I also don't agree that anonymous people are 'nobodies' who don't post anything useful. Some of the most popular members of reddit either have no public identity, or it's superfluous. Did I ever need to see a photo of gallowboob? No. Do I know who PoppinKREME is? No, and I don't need to, other than their content. Anonymous content does make money for social media sites because even if those people had their 'real names' and profile pics, it would make no difference at all. Consumers? Sure, but only because ad profiling and selling data of real identities is more profitable. This is not even close to new as Facebook has been doing that to the tune of billions for over a decade.
Facebook as a product is not really thriving, and the only way Zuckerberg has found to grow his company is to buy and imitate other companies - bought IG, Whatsapp, copied Snapchat, now copied Twitter. I'd call that the Microsoft Model. Microsoft still exists and does quite well, but not to the same extent they did 20 years ago. Time will run out for Zucka when someone makes a new hit product that he can't purchase or copy. We don't know yet what that will be. Another interesting issue is Reddit, Twitter and Facebook have tried to move to charging money monthly vs only advertising.
The internet as we know it is not dead because my internet was not Twitter. I mean, you're posting this on Lemmy. The internet does not have to be about making investors and CEOs billions of dollars.
Agreed. I'll add though, I'm weary of the "internet is dead" rhetoric.
There's a lot more spammy content on the Web now, but all the actual people are still around and still producing content. The only thing that's really changed is where the actual people can be found.