this post was submitted on 30 Jun 2023
2083 points (97.8% liked)
Technology
61975 readers
4142 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I don't understand why the CEO thinks this is some 4D business move. This is not the first time most of us have transitioned like this regarding social outlets. There must be records and archives proving that it is unwise to treat a community as negatively as it has ...... because it's too easy for internet folk to just up and move to a new place of interest. Time is wrought with soo many examples:
For those of you who are ancient, there were the bad days of AOL and Yahoo, and then time moved on with ideas like social networks and board systems like 4chan. But how did they not know? Just look at what is in store for future Reddit by heading to the front page of Digg.
For one, I mean, look at this sad, sad, sad thing! Further, have you wandered to see Myspace...... not sure who that audience is, but hey, to each their own. Hell, I can assure you that most of us only keep FB to keep some contact with family and old friends. I suppose the root of what I am saying is
I doubt spez cares about reddit. He cares about money. If he has to throw the site under a bus to make some more money he will gladly do it
If investors have any memory at all though, they aren’t going to give him tons of money, because he triggered the Reddit collapse before he sold out.
The Online Ad Game is not a long one. It's about getting people to show up to your site when the ad is shown. No one is paying Reddit to grow brand recognition.
IPOs are all pump and dumps. No exceptions.