I don't think all that many redditors are moving to Lemmy. Judging by the stats on join-lemmy, there are only several thousand monthly Lemmy users, which is nothing compared to reddit which had tens of millions daily users
this post was submitted on 07 Jun 2023
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Technology
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It's not just tech companies like Reddit and Twitter, it seems like it's most companies. Ever since the COVID lockdowns prices have been going through the roof, you get less for what you pay for, they're laying off workers, and all while raking in record profits while also crying about how no one wants to work and how they can't afford anything because of the economy. I've never been more cynical about companies than I have been the last year.
I don't speak for everyone obviously, but to piggy-back on your comment a little, I personally have found myself looking inward/smaller more because of some of the things you referenced. "you get less for what you pay for" - 100% agree, so I pay for less, and try to find value more. I used to buy coffee out nearly every day, now I rarely do. We (wife and I) rarely eat out because it's exorbitantly expensive. We used to love going to breweries and just putzing around new places, but now we meet up with friends and visit their homes more. I feel like with everything being both expensive and polarizing in some way, I'd just rather spend more time with my friends and loved ones, and not worry about how much i'm expected to tip on this beer that is $4 more than it used to be!
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I HATE PUBLICLY OWNED COMPANIES I HATE PUBLICLY OWNED COMPANIES I HATE PUBLICLY OWNED COMPANIES
Hell, any such company is going to pursue infinite growth and always aim to squeeze as much money as possible from it's costumer base in the short term.
My guess is that because there is currently a big possibility of economic turmoil and these companies are appealing to investors, advertisers,etc. and trying to gain as much capital in order to look stable.
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Their death is waaaay overdue. We literally jumped one cycle because the 2008 financial crisis and 0% interest rate.
Now there is no free money, and they need to extract value to seem a good investment, so they canibalize themselves and turn into shit.
Most of Elon stuff is doomed once reality catches on. Same with Uber. Same with streaming platforms. Same with Meta.
Also there is a new/old boy in the bubble and burst town, Microsoft and their AI push. It’s going to destroy them pushing them into overspending to keep up.
Great read.
Companies trying to squeeze every penny out of their employees and customers leads to catastrophic damage that is very visible, then everyone has to suffer, except the execs with their big fat bonuses.
in this day and age, you have to be really screwing your customers to get any money from investors
Logged into youtube today and discovered that the subscription page is absolutely fucked now. It only shows three thumbnails per row on my 13" laptop screen and they've removed the separation by date, so now it's way harder to tell if any of my subscriptions have uploaded today. Seems like everything is going down the shitter.
It's the same with YouTube Premium. They really push you hard to the "Home" page instead of your own subscriptions. You'd think that paying for the service would make a difference...
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