this post was submitted on 09 Jun 2023
218 points (100.0% liked)
Technology
37717 readers
450 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Reddit was dead from the day Conde Nast bought it. Every day since then was a roll of the dice as to whether they'd attempt to seize more profits and ruin it, or not. This happens to essentially every public or aspiring public company eventually. The need for perpetual growth warps decisions and guts the original mission in the end.
We call it "autosarcophagy" or "self-cannibalism."
As I understand it, Reddit also took on a lot of external capital investment, which only makes the pressure to perform financially even greater. I can't fault them for making the decisions they have to make to keep their jobs, keep their executive salaries, and so on.
Long live the sustainable, community-driven, community-funded future! Nobody can screw this up for us if we are the ones footing the bill.
I wouldn't fault them as much if they hadn't dumped the capital into absurdly dumb things to try and become facebook. If they'd invested it into better reliability and reducing costs to operate, I'd have a ton of sympathy.