Reddit must now answer to its shareholders as well as its vocal users.
  • Hypx@fedia.io
    5·
    6 months ago

    Reddit has never been a business capable of generating significant profit. It only exists because it was less monetized than the alternatives. By abandoning this philosophy, Reddit is guaranteed to be the next Digg.

    • douglasg14b@lemmy.world
      1·
      6 months ago

      Maybe in a few years.

      Right now we’re talking 0.0057% of the monthly active users. Lemmy likes to hype itself up a lot, but the market share is incredibly tiny, and likely will be for years to come. As a platform Lemmy would be incapable of handling that kind of scale, from both a software, design, hosting, logistics, cost, moderation, and community perspective.

      I’ll be here, but let’s check in each year on it. I’m guessing it will be a few before we either see accelerating growth, or Lemmy is upset by better designed federated social media software, or it’ll just be fragmented between dozens of competing platforms.

      • fine_sandy_bottom@discuss.tchncs.de
        0·
        6 months ago

        Honestly, I expect that the parts of the Web I enjoy spending time will be fragmented for the foreseeable future.

        Lemmy people are obsessed with growth but honestly I think there’s a trade-off that people are overlooking.