this post was submitted on 21 Jun 2023
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Reddit has no idea how lucky it is as a platform. I've met and interacted with and learned from some of the most intellectual down to earth people on Reddit. It's a real shame. Hopefully those users will find other platforms and get away from the parasite that Reddit is becoming. And they want to go public? Need a new CEO.
Not to be all the way "that guy", but in a capitalist framework, its death was inevitable.
Their only hope of staying that great platform long-term is the Jimmy Wales route, which they were not remotely prepared to go down.
If you are running it as a business, enshitification is inevitable. Sooner or later.
Meta is a capitalist social media company and they seem to be doing okay. Facebook might be uncool with the kids these days but it's still massive. And Instagram and WhatsApp are still very popular.
I think the difference between Meta and Reddit is that I bet Meta would issue some sort of apology and carefully crafted PR if they found themselves in Reddit's current situation. But Reddit doesn't even seem to care about angering its users, which just feeds the anger more.
Meta is a cesspool. Financial success ≠ good for end users.