this post was submitted on 03 Jul 2023
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Are lots of websites really going downhill and/or closing or does it just seem like it to me? (kbin.social)
submitted 1 year ago by Catch42@kbin.social to c/tech@kbin.social
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Like many people I'm here because of reddit going to shit. Twitter has increasingly been shit. gycat is shutting down in September. To me it seems like lots of bastions of social media are crumpling, but as a previous active reddit user, I've been personally effected. Is this just a frequency illusion or has something changed in the world that has changed the business case of these sites?

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[–] RadicalHomosapien@kbin.social 7 points 1 year ago

Exactly, the venture capital is finally drying up and the services can't figure out how to sell anything to enough people to recoup their investments. Why reddit has to pull out third party apps and shove ads and reddit gold down our throat, why Elon has to shill Twitter blue and cap our view counts. Facebook and Google services exist because their business model is selling ads foundationally and not selling services. It doesn't matter that their socials are losing money because it's always been a branch of their advertising business and not the other way around.