this post was submitted on 19 Jul 2023
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Technology
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The July metrics must have shown them engagement is plummeting, especially content submissions, which have been garbage since the blackout. One look at r/all shows most posts being up for hours and sometimes days at a time - it used to be a matter of minutes. Doubtless this is also reflecting in their traffic metrics as well.
As someone who contributed there since the pre-Digg days, after discovering the Fediverse, I'm never going back. Reddit arrogantly assumed that there was no other platform mods and contributors could go to that would provide what they do. But when it comes down to it, the Fediverse does what Reddit did, with more features, flexibility, and without the threat of centralized mismanagement. The only thing Reddit had that the Fediverse doesn't was an audience of millions, but the audience follows the content, and the best place to create content online is right here, right now, right here, right now, right here, right now.....
Welcome to the next evolution of the web, Reddit, and to the realization that you pushed your audience to evolve past their need for you.
Reddit fucked around and it found out.
Don't forget they deleted premium and awards completely. They seem to be making the worst possible decisions at every turn. It's absolutely breathtaking.
Interesting, however I tend to disagree. Although these sites have been good means of organizing, the corporate overlords had to know that alternatives would quickly replace them if they burned them down. Seems more likely that they are desperately trying to monetize these sites, but just way too out of touch with how hard us working class plebes are being squeezed from every angle and literally can't afford to pay for the most basic form of entertainment like this. Literally, I can hardly leave my house without paying something to exist in a public space. I'll be damned if I pay more than I already do (a device, internet, electricity) to exist in public online spaces.
Unfortunately Netflix' plan to squeeze even more out of people seems to have worked though :/ I was hoping for the same effect there, i.e. that people would instead resort to alternatives like piracy... Maybe these are different audiences though? Or is it maybe more important to people to have entertainment to escape real life (like streaming services) than entertainment with a flavor of empowerment?
Yo ho!
"You have attributed conditions to villainy that simply result from stupidity."
https://en.wikipedia.org/wiki/Hanlon%27s_razor
While the intent may be pure stupidity with no malice, that doesn't mean that it isn't pushed by social forces of class warfare.
And that one I REALLY don't understand. They kept saying they wanted to be profitable, but then intentionally cut off a primary source of profit?? Oh to be a fly on the wall for THAT meeting...
It might just show that advertisement was the much bigger source for money.
Well, that would explain premium at least, but weren't many of the awards purely vanity? Or were they worried that people wouldn't but them because it no longer gives the recipient premium? Either way I' surprised that their forst response was removing them entirely instead of raising prices, eliminating only premium to see if people still bought awards, or like, literally anything else
It's like... I keep imagining what if I were a Manchurian Candidate CEO and tried to destroy the entire value of my company as surely as possible before being found out, what decisions would I make? And I must say, what spez and musk are doing keeps surprising me at every turn, because even in my imagination I have not come up with schemes as effective as theirs.
Don't worry they've rolled out a subscription now! You can pay $50 a year to see a bunch of reposts and propagand bots while the admins jerk each other off!