this post was submitted on 04 Aug 2023
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[–] chimelder@lemmy.world 25 points 1 year ago (3 children)

And Russia won the war in Ukraine and Donald Trump won the election in 2020.

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[–] 1984@lemmy.today 23 points 1 year ago
[–] Sebo@lemmy.one 23 points 1 year ago (2 children)

I don't think its as boolean as winning or loosing, i'm enjoying lemmy and haven't used reddit since :)

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[–] ilovetacos@lemmy.world 23 points 1 year ago (1 children)
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[–] SatanicNotMessianic@lemmy.ml 22 points 1 year ago

Reddit’s valuation is down from $15B when they closed their last round of pre-IPO funding. They were hovering in the $5B neighborhood before the APIpocalypse, and I find it hard to imagine that they’ve gained significant value since then. That’s a loss of 2/3 of the investments from their institutional partners and VCs. I hardly think they’re feeling like they deserve a victory lap.

The only reason why you wouldn’t pull an IPO due to a company’s value cratering by 2/3 is because people are looking to get whatever cash they can out of it before it completely collapses. If reddit were a healthy company, the valuation tanking would never have happened. If they were a survivable company, they would have pulled the IPO and made the organizational and policy changes necessary to restore at least some measure of value.

Spez is Musking the site because, like Musk, he is watching his business crash and burn and he has no idea what to do beyond making people pay him to be allowed to create and moderate content he can then resell.

The effects of the decisions being made will not be immediately obvious, especially when reddit doesn’t publish KPIs that show they’re hemorrhaging value. Twitter is notorious for releasing clutching-at-straws metrics in order to not have to address that the company Elon paid $44B for is now worth about $20B and falling.

Firing the mods and replacing them or bringing them to heel is at best a pyrrhic victory because they have not yet figured out how to stem the bleeding, and spez idolizing Musk’s moves at twitter shouldn’t instill a lot of confidence.

[–] mustardman@discuss.tchncs.de 22 points 1 year ago

But most of these are small communities, and today only protesting subreddit with over 10 million subscribers is r/fitness.

Even if those subreddits never reopen, relinquishing the John Oliver rule officially brings the Reddit protests to a close.

These sentenences are literally right after each other. I have no idea how a 10+ million subreddit still protesting and many smaller ones means the protests are "officially over". It's died down quite a bit but that doesn't seem like a state to declare "officially over".

[–] Ironfist@sh.itjust.works 22 points 1 year ago (2 children)

Thats how a lot of people, including me, ended up here on Lemmy, so I'm still glad it happened. Here I feel like im in the early days of the internet again and its great.

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[–] Polar@lemmy.ca 22 points 1 year ago

I just downloaded Sync for Lemmy. Something Reddit doesn't have. Stay winning, though, I guess?

[–] plumbercraic@lemmy.sdf.org 21 points 1 year ago (1 children)

I dunno about winning. Lemmy user count is through the roof. And Im one of the people who left when they pulled the API nonsense. The way they gaslit and lied to the Apollo dev was just unacceptable. Couldn't participate there after that.

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[–] Defaced@lemmy.world 21 points 1 year ago

Nah, they didn't win, the results of these protests are going to be felt for a while and have shone a light on federated social media. Organic growth will always trump corporate growth and greed, that's the advantage of the fediverse.

[–] Gazumi@lemmy.world 21 points 1 year ago (1 children)

This is like a martial arts movie where the immotal fighter thinks that they've won, but doesn't yet realise that they've been cut in half.

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[–] FuzzChef@feddit.de 21 points 1 year ago (5 children)

Reddit doesn't need to fall for lemmy to be a great plattform.

Why are some here so obsessed with Reddit? I'm not here to constantly read about Reddit! I understand that some of you are seriously upset about what happened and it's okay to vent for some time, but please move on for your own good.

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[–] mojo@lemm.ee 19 points 1 year ago

They always were going to. Redditors have no backbone. Moderators moderate for power trips, which they need subreddits to be open for that. People go back when they want content since Lemmy is still immature to be a full on replacement. Same with the Twitter situation.

The silver lining is that this amount of disdain towards these social medias means it's a better time then ever to push new social media networks. People are eagerly waiting to jump to a viable alternative, so the network issue isn't nearly as big of a deal as it was.

[–] BarterClub@sh.itjust.works 19 points 1 year ago (2 children)
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[–] Surreal@programming.dev 17 points 1 year ago

Reddit lost a bunch of third party apps and those apps' userbase

[–] sagrotan@lemmy.world 16 points 1 year ago (1 children)

I don't care anymore. I have to thank all those corporate zombies for all the time I'm spending in my workshop making furniture instead of being online . Gotta go now, a kitchen cabinet calls for the final touches.

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[–] squidzorz@lemmy.world 16 points 1 year ago* (last edited 1 year ago) (1 children)

That's kinda what happens when you say "we're gonna protest for 2 whole days then go back to normal" lol. All Reddit execs and admins had to do was sit on their hands for 2 days and not say anything.

It's hilarious that whoever came up with the 2 day blackout thing thought that would make any bit of difference.

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[–] NDR113@lemmy.world 16 points 1 year ago

Reddit won.

We will see.

[–] HairyBricks@lemmy.world 15 points 1 year ago

This article is b*******. Reddit didn't win, Reddit is a scorched Earth, with most of its useful quality data stripped from it. I for one didn't know what was going on for about a month, and was wondering why all the good posts were gone, it wasn't until someone explained to me what Reddit was doing and how it would cause the rest of the internet to do the same that I finally understood why everyone trashed Reddit on the way out.

[–] Smoogs@lemmy.world 14 points 1 year ago (1 children)

They can’t force me to use that place. calling it a ‘win’ it’s like a dismissive abusive ex saying they won an argument by default if you never talk or see them again. Sounds like the fact they need to make news articles like this is like how MGTOW obsesses talking about how much they are over women still.

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[–] ksm1467@lemmy.world 14 points 1 year ago (2 children)

Requested my data. Moved here. Deleted reddit. No regrets

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[–] st33lb0ne@lemmy.world 14 points 1 year ago

Screw Reddit, i`m happy to be here!

[–] rix141@lemmy.world 14 points 1 year ago (1 children)

Just started using lemmy 30 minutes ago, because i realized reddit had become boring and stale since the protests, i guess they actually did do some damage.

Anyway im here to try out lemmy lets see hoq it goes

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[–] RufusFirefly@lemmy.world 13 points 1 year ago (1 children)
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I don’t care, good riddance. Fucking MySpace is still around too, doesn’t mean igaf

Reddit can continue to rot and choke on that CCP dick

[–] CCatMan@lemmy.one 12 points 1 year ago

I haven't been back to reddit, so they lost one user for sure 👍

[–] Paranoidfactoid@lemmy.world 11 points 1 year ago

I think Lemmy won a bit too.

[–] XaeroDegreaz@lemmy.world 10 points 1 year ago (1 children)

Shit, I knew reddit won when I looked up the porn forums on Lemmy, and the subs measured in the low hundreds lol!

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