Lemmy

Yeah, I saw the comment he made about the Apollo developer. He's lying plainly, without even trying to refute any claims made against him and his team. He really believes the company can stand to float on a more mainstream userbase. I doubt it honestly. More likely it will start a slow trend downwards as the mods are mostly leaving, so the site will have to deal with massive site wide content moderation and community management issues. He doesn't care. Maybe he's already checked out and he plans to step aside once this transitory phase is over.

The idea that reddit can survive purely on a mainstream userbase is ludicrous anyway, the entire point of the website has always been its many niche communities. Its ecosystem of interconnecting and interacting user groups. Thats never going to be a big sell to pure social media oriented users, who already have Instagram and TikTok to fulfill their algorithm needs. So financially I have no idea how they plan to survive in the long term.