Lvxferre@lemmy.mlM to SNOOcalypse - document, discuss, and promote the downfall of Reddit.@lemmy.mlEnglish · 1 year ago
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The title is a bit clickbaity but the article is worth a read. To keep it short:
IMO it was a Pyrrhic victory. Sure, the protests ended, and most users are still stuck in that shithole… but the reputation damage won’t be reversed, Reddit managed to seed its competitors (as this one) with the necessary userbase to make them functional, and odds are that Reddit will keep going in its death spiral. And that doesn’t even take into account the amount of bad press that it generated, that will hurt IPO numbers for sure.
I don’t think corpo websites will survive high intrest rates in the long term. They’re already making rash decisions to quickly start turning a profit andbit’s only gonna piss off users. Once the fediverse gets critical mass their days are over and we’ll wonder why we didn’t do this sooner