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Reddit@lemmy.worldbyBlaze@discuss.tchncs.de
2 years

Reddit faces new reality after cashing in on its IPO

arstechnica.com

cross-posted from: https://lemmy.zip/post/12276054

Reddit must now answer to its shareholders as well as its vocal users.

30
    Reddit must now answer to its shareholders as well as its vocal users.
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    • queermunist she/her@lemmy.ml
      2 years

      Wrong.

      Reddit only needs to answer to shareholders. Users have never mattered.

        • bitwaba@lemmy.world
          2 years

          It’s the old adage:

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

            • ccunning@lemmy.world
              2 years

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

              Users matter.

                • bitwaba@lemmy.world
                  2 years

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

              • SoupBrick@yiffit.net
                2 years

                USA: In Shareholders We Trust

              • Mr_Blott@lemmy.world
                2 years

                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

                  • Blaze@dormi.zoneEnglish
                    2 years

                    Removed by mod

                      • gravitas_deficiency@sh.itjust.worksEnglish
                        2 years

                        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.

                          • Blaze@dormi.zoneEnglish
                            2 years

                            Could you create an archive.is link that I could use instead?

                              • Revan343@lemmy.ca
                                2 years

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

                              • Isho'ye@mastodon.social
                                2 years

                                @gravitas_deficiency @Blaze If they’re going to be a stickler about the “in any way” bit, guess it’s against the rules to simply view it?

                                The browser makes a local copy in the cache. That’s how things work.

                                  • gravitas_deficiency@sh.itjust.worksEnglish
                                    2 years

                                    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.

                                      • Isho'ye@mastodon.social
                                        2 years

                                        @gravitas_deficiency Geez, after over 35 years on the Internet, you think I’d learn to append an “/s” tag to things by now.

                                        I’ll leave a some here for future use.

                                        /s /s /s /s /s /s /s /s /s

                                          • Feathercrown@lemmy.worldEnglish
                                            2 years

                                            Was it /s though? 🙃

                                    • man@sh.itjust.works
                                      2 years

                                      Good bot . Seriously tho if everyone did this we wouldn’t have to go to sites like sketchyaf.com.

                                      • Mr_Blott@lemmy.world
                                        2 years

                                        Thanks Blaze!

                                      • M500@lemmy.mlEnglish
                                        2 years

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

                                        • MummifiedClient5000@feddit.dkEnglish
                                          2 years

                                          So you prefer sites that share your data without letting you know?

                                            • Mr_Blott@lemmy.world
                                              2 years

                                              Sounds like something I’m too European to worry about 😂

                                          • Empricorn@feddit.nlEnglish
                                            2 years

                                            Fuck Spez.

                                            • Hypx@fedia.io
                                              2 years

                                              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.

                                              • pivot_root@lemmy.world
                                                2 years

                                                The top comment is “Fuck spez.” Hah.

                                                • DeVaolleysAdVocate@lemmy.world
                                                  2 years

                                                  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
                                                      2 years

                                                      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…

                                                    • man@sh.itjust.works
                                                      2 years

                                                      Year of the lemmy ?

                                                        • douglasg14b@lemmy.world
                                                          2 years

                                                          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
                                                              2 years

                                                              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
                                                                  2 years

                                                                  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.

                                                              • GamerBoy705@lemmy.worldEnglish
                                                                2 years

                                                                New meme just dropped

                                                              • DogPeePoo@lemm.ee
                                                                2 years

                                                                Reddit sucks blue waffles

                                                                • Hobbes_Dent@lemmy.world
                                                                  2 years

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

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