We tried so hard and got so far But in the end, it doesn't even matter They had to fall - to lose it all But in the end, it doesn't even matter
So long and thanks for all the fish, we're all lemmings now.
this post was submitted on 29 Jun 2023
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I just can’t wrap my mind around how quickly this has all gone down
No joking. What the heck went down during the past two months? This is nothing but an unworthy end of reddit.
They kind of brought this on themselves. Tens of thousands of users shouting at them to step back away from the ledge, you don't have to do this, back up and change course... And Reddit just looked at us blankly and jumped right off.
While following Twitter, which also jumped off first (the difference is, they had a parachute - as in they were public going private, while spez wanted to go the exact opposite direction), and now Stackoverflow is doing it too.
Hey, I got an idea: lets all follow them - surely this time it'll all work out and be different from all those other times when it did not, right!? :-P
Stackoverflow is in trouble anyway. With GPT-4 there's hardly a reason for users to visit it. At least not for problems that existed before Sep 2021.
The economy has turned in a way that speculative platforms like Reddit now need to get a big boost in profitability. The problem is that companies are not monoliths. So while the people making your product may be great and therefore able to build a significant platform, that doesn't mean that the people in the more profitability oriented positions are equally skilled. Until recently these businesses have been coasting along on easy investment money and so the pressure for those staff to be good at what they do was low. We're now seeing those people flailing around like the chairwarmers they are when they are now being asked to earn their keep. Since they mostly made the mistake of assuming their businesses were successful because of them, rather than irrespective of them, they aren't willing to hear any sort of legit negative feedback about their actions.