this post was submitted on 24 Jul 2023
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The real fuck spez would be a blank canvas. He doesn't care what we write on there as long as he's getting clicks and engagement
Is that why their valuation keeps falling?
I mean I get the idea, but it's not accurate in practice. When your commodity is your community and your community is showing nothing but disrespect towards your plans and authority, you become a very volatile investment.
See: Twit- sorry, X. See X for example.
User engagement doesn't help as much as a literally mutinous userbase hurts.
We can please not bring the "we did it Reddit!" culture to Lemmy?
Reddit is a privately held company. Their valuation is falling because someone at Fidelity arbitrarily said so. Right now, given the current economic trends, almost every consumer tech company is taking a beating (Discord, Substack, etc), so in the larger context Reedit's drop in valuation is expected and smart money is expecting it to rise once the economy becomes hot and more investors have money to risk on consumer companies.
The biggest value of a social media is the influence it has on culture and society as a whole, which is why advertisers want to get in on the action (think of Facebook influencing elections). Engaging on the platform and even constantly talking about the platform is a great sign of it's lasting influence.
So no, spending an hour putting pixels on r/place is not a great way to stick it to Reddit. Constantly talking about Reddit and basically giving it free ad-space and mind share on Lemmy also does not stick it to Reddit. The original poster is correct: best thing is a blank canvas.
And ignore all the click-bait articles about how Reddit is going to fall any day now. They all basically play on your wishful thinking for clicks, they aren't based on reality.
But what if we do catch the boston bomber though. Maybe Bernie could still have a chance if so