Outside social media, we also have Netflix pulling their own BS, and then lesser know sites/services that are near and dear to me are RARBG shutting down and Mullvad VPN removing port forwarding on July 1st. It's been a rough month for me in my little online sphere.
this post was submitted on 07 Jun 2023
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I don't think Mullvad's port forwarding decision can be compared to Reddit's greed. They were getting in trouble with law enforcement for providing tunnels to illegal websites, so they had to either identify those customers or stop port forwarding if they didn't want to get the entire company shut down.
On one hand, I can name sites that, in 2023, either screwed over their user base, or just went under.
- Teknik (obscure file host/git repo host)
- Enjin (forum host for clans/everyone and their dogs' minecraft servers, rebranded to peddle NFTs)
- Imgur (currently scrubbing their servers of anonymous uploads/nsfw content)
- Discord (changing their username system to a bad one)
- Reddit (charging exorbitant prices for their api; $20m per year for Apollo's developer)
I have been considering a domain name to access hypothetical home servers as of late, just so I don't have to worry about shit like this.
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louis rossman talks about this in two of his recent videos on twitter and reddit. obviously he tackles it using layman's terms, but there's still a lot of valuable insights and it's super palatable.
essentially it boils down to what @OsrsNeedsF2P@lemmy.ml says here:
"The valuation of a lot of these sites was grossly inflated by the market, so when the largest shareholders saw their billions halve and know what the future holds, they start doing things to temporarily boost their profit margins and sell off the company."
The reddit exodus is comparatively very small. Tens of thousands of users, many of which will not stick around. Reddit has millions of users (hundreds of millions?). They barely notice.
Wait for after 1 Juli if they don't reverse the decision they made. Right now the mods and users believe they can change this madness, but when the go through with it, many more will leave, especially mods and the og users that contribute most content.
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As long as it is an exodus of enough interesting users. Lemmy needs roughly the number of users appearing now to make posts frequent enough. But still the lack of communities needs more.
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big money ruins everything
Ayyy that's capitalism, baby!!