Reddit must now answer to its shareholders as well as its vocal users.
    • bitwaba@lemmy.world
      142·
      9 months ago

      It’s the old adage:

      If something is free, you’re the product not the customer.

      • ccunning@lemmy.world
        1·
        9 months ago

        Right. The users are the product. What do you think happens when a vendor runs out of product?

        Users matter.

        • bitwaba@lemmy.world
          1·
          9 months ago

          only if they earn money. otherwise they’re something you can sell to an advertiser - and that’s the only value they have.

  • Mr_Blott@lemmy.world
    862·
    9 months ago

    I dunno about you, but if I click a link and it says they’re going to share my info with 164 ‘vendors’, then only shows an “accept” button, they can fuck right off and I’ll never go to their website again

    It’s 2024, that shit’s illegal in the modern world

      • gravitas_deficiency@sh.itjust.worksEnglish
        151·
        9 months ago

        See that copyright at the bottom? That’s why we don’t do this.

        This is how you get the relevant copyright holder to hit your lemmy instance with a DMCA takedown notice (or whatever the relevant jurisdiction’s legal equivalent is). I’m not saying I like it. I’m just saying that the Powers That Be will enforce that rule if they catch you, and it’s far less trouble for the people who are letting you use the server capacity of their lemmy instance if you just… don’t post copyrighted material that they’ll get dinged for.

          • Revan343@lemmy.ca
            4·
            9 months ago

            That is the way to do it; let the archiver take the legal risk, that’s something they’re planning for

          • gravitas_deficiency@sh.itjust.worksEnglish
            121·
            9 months ago

            You miss the point.

            That post constitutes a mirrored copy of the article that was not authorized by the copyright holder. The copied text includes the bloody copyright. That’s practically begging for a legal nastygram if the admins leave that up.

    • M500@lemmy.mlEnglish
      9·
      9 months ago

      If the site is like that, then they probably already shared your info with everyone.

  • Hypx@fedia.io
    52·
    9 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.

  • DeVaolleysAdVocate@lemmy.world
    42·
    9 months ago

    sustained growth can’t succeed along with the surroundings. I would like to believe that gross mismanagement would lead to the downfall of this once super cool website but I also think twitter is a stupid idea so I’m a bad judge of what will get funding. I wonder how much of that funding is shell corporations from intelligence agencies harvesting user data and training computer models though too.

    • CM400@lemmy.world
      8·
      9 months ago

      Letting the users have their way seems like a great way to harvest better quality data from the user base. Not that I’m in favor selling user data…

    • douglasg14b@lemmy.world
      13·
      9 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
        10·
        9 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.

        • GoodEye8@lemm.eeEnglish
          6·
          9 months ago

          Yeah. I don’t get the obsession with growth. I get missing some communities you want to have (that you had on Reddit for instance) but then try to cultivate those communities instead of wanting general growth. General growth just will eventually just lead to low effort posting/commenting drowning out interesting posts/discussions.

          Also, if the platform is good it will grow anyway.

  • Hobbes_Dent@lemmy.world
    141·
    9 months ago

    Yeah ok. The new reality it must face is as the temporarily inconvenienced Twitter that it’s been trying so hard to be.

  • Lvxferre@mander.xyz
    1·
    9 months ago

    I was predicting that that would happen - the current shareholders managing to pocket a hefty sum, before Reddit ruins itself. It’s worse than Reddit not being ruined, but also worse than Reddit going to ruin before its current shareholders get a profit.

    The good thing about being a pessimist is that, on worst hypothesis, you’re right.