Reddit needs to go!
this post was submitted on 26 Dec 2023
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Technology
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MySpace is still around. Reddit won't simply "go". But I do agree and everyone should leave it as they left MySpace in 2008.
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The users, and only users, need to be the shareholders. A bunch of useless venture capitalist parasites should never again be allowed to own and destroy our public spaces.
"public"
If y'all stop investing your time and energy into private companies as if they're the public interest, we wouldn't have these issues.
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Good. fuck'em.
Spez, self styled content king, screwed by own outsized ego and underwhelming intellect.
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2024 is literally a year of leaving Reddit for Lemmy.
Because 2023 wasn't?
To elaborate: what Reddit did this year wasn't enough for a (major) mass migration. I very much doubt even more ads will deter those that have stuck around so far. Perhaps there'll be a trickle, but I don't see anything happening like what was the case for Digg back in the day.
This will trigger an enshittification cycle.
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- Underperformance per-quarter resulting in anti-user actions to increase profits.
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- Users leave because of anti-user actions.
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- Profits will decrease as users leave until the end of quarter.
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- Return to Step 1.
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Fuck Spez.
oh no! anyways...
I’d rather not even see that cunts face
Mandatory Fuck Spez comment
Smoke a turd, spez. 😘
that's what they get for perma-banning all their human users.
Since there's a paywall, I can't see the whole article but does this imply there was still positive ad growth and they just missed their goal or there was no or negative ad growth?
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Smoke a massive bag of dicks spez
Who would have guessed..
Remember when the IPO was supposed to be in 2021? Then it was 2022? 2023?
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