this post was submitted on 07 Jul 2023
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Reddit isn't profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform's API

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

Risks? They already have. FUCK Spez & Reddit. The latter had a good run but I’ll be happy to watch it burn as greedy spezbags deserve whatever shitstorm happens next.

[–] kosanovskiy@lemmy.world 12 points 1 year ago

The lost this a while back because they wanted to turn into a social media platform like twitter and facebook. It was originally set to oppose those things and we made memes about those platforms and then we ended up becoming one. Will reddit die? No, i dont think so. But just like Facebook i'll just not use it.

[–] tover153@lemmy.world 11 points 1 year ago

This article is mostly useless. It states the problem, but doesn't have anything new to add.

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

They have a new identity that they keep reinforcing with every new decision. They've lost their previous identity and become just another web service looking to get the most money possible out of the users they can still attract.

[–] Wisi_eu@sh.itjust.works 10 points 1 year ago

Who cares. IT WILL BE MAKING PROFITS!

XD :D

[–] ellesper@lemmy.world 9 points 1 year ago

It lost its identity a long time ago.

[–] HurlingDurling@lemm.ee 9 points 1 year ago (3 children)

"Risks" assumes it hasn't happened yet, the truth is this happened many years ago.

[–] Jarix@lemmy.world 9 points 1 year ago (1 children)

Reddit has changed more than once. But this is very different. Your comment struck me as cynically dishonest. Almost dismissive of what has brought me and many people to even hear about lemmy let alone discover it even exists.

Nothing like this has ever happened to reddit before. Full stop. To act otherwise shows both ignorance and also insensitivity to the millions of people who feel like they just got evicted from their portal to the rest of whats happening in the world.

Because i can still use reddit if i use it differently, that barrier of usability shows what a vast number of people who use reddit want. Perhaps it also shows how invasive our digital habits have skewed or affected our physical world behaviours.

And perhaps my bias is showing, i have been on reddit for longer than some, if not many, reddit users have been alive.

It was a place i learned a lot about the world around me and now have to try to figure out how to live without it. And im old now. To quote the simpsons "I used to be with ‘it’, but then they changed what ‘it’ was. Now what I’m with isn’t ‘it’ anymore and what’s ‘it’ seems weird and scary. It’ll happen to you!

I think unfamiliar and confusing is more accuarate than weird and scary but it seems a strangely prohetic quote.

Fun fact. I can remember watching the simpsons on a black and white 12" CRT TV (KVOS TV 12)

Im 42

In summary this did NOT happen years ago your truth does not match my reality

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[–] Christos@sh.itjust.works 8 points 1 year ago

With a wopping 0 apps paying those API prices their profit remains less than 0

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