This is a translation of an article I’ve just written in Spanish. If there is any error, let me know.
It’s going to lose more after it turns into an even spammier shit show riddled with scam ads and bots.
Turns into?
They really don’t. Yes. They did lose users and money in the last week but I doubt it will have any significant influence in the future. In half a year they’re back to normal
@zekiz the most significant impact will happen at the end of the month when the 3rd party tools that have been running the place quit working.
Don’t overlook what having an active alternative can do, too. If Reddit is the only place that is Reddit-like, and active, and well known, then it’s really hard to leave.
But multiple alternatives just had their profiles raised, and their activity levels skyrocket. If enough people stay on these alternative platforms, then it becomes easier for people to leave later.
There are two ways to increase evaporation: You can turn up the heat, which Reddit is doing itself right now, and you can reduce atmospheric pressure. This is what we’re doing by being active and engaging somewhere else.
Two things. One, you have to consider that the 3rd party apps haven’t gone away yet. That will be a big deal. And more important, two, if you were a potential investor, you would be seriously considering what’s going on, before investing. Advertisers are already reconsidering. That’s a big deal, for an investor, since that’s a major revenue generation for the Reddit.
Then factor in all the bad publicity (contrary to the popular saying not all publicity is good). Shockingly, the majority of the articles I’ve seen, and the other press about it haven’t been even remotely flattering to spez.
It will slowly turn into only a stale repost-fest.
The front pages are already filled with content copy-pasted from instagram and tiktok and news repost bots. Once the small communities that bubble to the surface occationally are completely snuffed out reddit will be quora-level dead.
