cross-posted from: https://lemmy.zip/post/12276054
Reddit must now answer to its shareholders as well as its vocal users.
The top comment is “Fuck spez.” Hah.
Wrong.
Reddit only needs to answer to shareholders. Users have never mattered.
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.
Year of the lemmy ?
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.
