this post was submitted on 13 Jun 2023
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Lemmy.World Announcements

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lemmy.world IS NOT a general discussion area. find another community.

my bad....

-manitcor

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[โ€“] Gerula@lemmy.world 35 points 1 year ago (1 children)

It isn't surprising at all, it's about hard money not about communities and fuzzy warm feelings. It seems everyone is working hard down at Reddit to make as much money as they can out of an IPO for a zombified carcass.

[โ€“] manitcor@lemmy.intai.tech 17 points 1 year ago* (last edited 1 year ago)

yes it is about hard money, it always is at its core, and what you are seeing is a natural reaction of a failure in valuation of a part of the operation.

this has happened before, reddit admins think "they" are the equity, when in reality its the subs, thier content and those operators that are the equity.

Some of these structural changes are in an attempt to "fix" that, the site is turning toward devaluing content posted in threads over things that keep you scrolling and clicking.

Its always been a slow hostile takeover for the better part of the last decade, anyone whose been around expected this day to come eventually.