Why buy it? The CEO has publicly stated they don’t make money while killing two major revenue streams.
It’s happening
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Now it’s just a question of whether old.reddit will be killed off before the IPO or shortly afterwards. Either way, I doubt it makes it to the summer.
I hope you’re right.
I hope it doesn’t ruin what we have here
It won’t
I welcome the Reddit refugees as a former Reddit user
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That’s the nature of entropy in any system, especially one where anyone can freely engage with it. I think it should be recognized that anything good will inevitably change, and by being aware of it, we can take steps to slow down the inevitable descent into chaos.
If anything, I do think the fediverse itself is a good set-up for preventing the sort of issues that Reddit eventually faced. It’s almost like the internet itself. There’s no centralization, only various participating end-points sharing and receiving data.
I sincerely hope so, many hobby and interest communities absolutely need more active members to achieve stable activity.
Eventually the IPO will ruin Reddit, as vulture capital will make sure to extract every single bit of value from the platform as profit. I just wish that Reddit’s downfall happened before that - otherwise spez and other shareholders are still leaving with pockets full of money.
Also, it would be a shame if a blackout happened near the end of February… or if subreddits went again into “Oliverposting” mode… or if people happened to promote a few Kbin / Lemmy instances…
I hope it fails spectacularly.
Is it really happening this time?
