Even if he actually thought that, why the fuck would you say that right now when a large amount of your community is revolting against you? Comments like these are only further destabilizing a bad situation. If I was on the board, and even if I fully supported the changes, I would have him removed for adding more fuel to the fire.
Wow, I didn’t realize the Reddit to Digg migration was so drawn out. Do we know how big the initial migration to Reddit actually was in terms of user count? It seems like Lemmy/Kbin are seeded with a few tens of thousands of users, and I wonder how it compares.
Honestly I think it’s this. All these tech companies finally being pressed to show ROI now that the risk-free rate of return is much higher.
Wait, what? I distinctly recall that the 2020 version was supposed to be a 10 year game…
It could be a suck-up investment play. The problem with hoping a narc like Elon invests in you is that the second you’re not useful to them, they will dispense with you like a dirty cumsock. See: all the people who tried to suck up to Donald Trump and ended up with damaged reputations.
Reddit seems to be in a bad way financially. Their investors have written them down. They’re still making losses. They’re laying people off. They’re implementing these absurd API changes. They need to make a lot of changes to monetize something that’s hard to monetize, and I think that this is a sign of much worse things to come for them and their users. Despite their success at online relevancy, they’re actually a bad business and I wouldn’t be surprised if at some point they got bought out by private equity and picked apart.
The sad part is that it didn’t need to be this way. I think in trying to get hyper-growth and relevancy among normies, they ended up investing too much into areas that would help them do that. If they had stayed content to remind a simple forum, I think they could have been a sustainable business. But the VCs demand to have a unicorn, I guess.