this post was submitted on 18 Jun 2023
560 points (98.8% liked)

Lemmy.World Announcements

29079 readers
185 users here now

This Community is intended for posts about the Lemmy.world server by the admins.

Follow us for server news 🐘

Outages 🔥

https://status.lemmy.world

For support with issues at Lemmy.world, go to the Lemmy.world Support community.

Support e-mail

Any support requests are best sent to info@lemmy.world e-mail.

Report contact

Donations 💗

If you would like to make a donation to support the cost of running this platform, please do so at the following donation URLs.

If you can, please use / switch to Ko-Fi, it has the lowest fees for us

Ko-Fi (Donate)

Bunq (Donate)

Open Collective backers and sponsors

Patreon

Join the team

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] SirMcLouis@lemmy.world 3 points 1 year ago (1 children)

Literally this… what is happening in Reddit is the CEO attending the needs of the shareholder via the board… companies aren't the "sisters of charity". They are where they are for profit and at the very least they need to have a cash flow that allow them to pay employees and bills. There are some B Corps out there, but most of the companies are there to make the big buck. In the case of Reddit we users are just a product that they try to keep to make the company profitable selling ads or whatever. If you want a Reddit-kind-of platform user-centric we need to pay for it and become the customers instead the product.

[–] Asafum@lemmy.world 1 points 1 year ago

But isn't reddit still a private company? They don't have shareholders in that case right? They WANT shareholders which is why they're pulling this b.s to appear profitable when they go public. I think this is just plain old greed.