this post was submitted on 11 Jun 2023
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Reddit

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r/unexpected goes dark (reddark.untone.uk)
submitted 2 years ago by [email protected] to c/[email protected]
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First subreddit over 10M to go private. The message shown when trying to enter the sub is a quote from spez:

I think the problem Digg had is that it was a company that was built to be a company, and you could feel it in the product. The way you could criticize Reddit is that we weren't a company – we were all heart and no head for a long time. So I think it'd be really hard for me and for the team to kill Reddit in that way. Steve Huffman, CEO of Reddit, April 2023

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[–] [email protected] 16 points 2 years ago (3 children)

It’d be truly sad if this shareholder enshittification of Reddit is what guts it and leaves its corpse in a ditch, but it does seem to be the way most things are headed these days.

[–] isdfoa 3 points 2 years ago (2 children)

Why do shareholders gotta ruin everything? The fatal flaw in capitalism to chase unlimited growth

[–] FlaxPicker 2 points 2 years ago

If you have a private company you don’t have to chase unlimited growth.

[–] [email protected] 1 points 2 years ago

I can only surmise that all shareholders even moderately capable of figuring out how capitalism will end have only one goal: to accumulate as much wealth as possible, then transfer it all over to the next inevitably corrupt system (however advanced and alien it may be), thereby retaining the power that corrupt wealth confers.

It's based in the fear of equity and equality: "If everyone has the same level of wealth, then I am unlikely to be able to influence others to do as I wish! I'll be forced to operate as commoners do, and I must do anything to make sure that I'm not below the laws I make to control them!"

Globalization will have to progress to the point where a unified humanity is larger in number and power than those who seek to control that very humanity.