this post was submitted on 10 Jul 2023
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.
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The users at large don't care, they will, but it will take time. From reddit inc's pov they won. Were here now, and I love it, but it's a small victory (for now)
Let's see what it's like by next year
I wonder if they'll finally have their IPO then.
I would be extremely surprised if it goes well, if they do. Huffman said something in an interview suggesting that they are no longer in any hurry, and investors are likely to recognize this particular dumpster fire for what it is. The financial community has its delusions, but they’re usually not the ones techbros like Huffman have.
People never stopped using digg. I’ve got uncles that still use their aol account. You’ll never see a site like Reddit disappear but there’s a small group of power users that keep places like that interesting and valuable. Piss them off and they will dip quickly.
The bottom line is the community exists for its users, not the other way around. Literally every other major social media site sees their users as a way to make money. So far I’ve seen none of that here and as long as that’s the case I’m here for the long haul.
People stopped using Digg after v4 and it died. Digg sold for $500k in 2012–down from a valuation of $175M+ only a couple years prior. The buyers kept the name but changed it to a curated content aggregator without community comments, etc.
My point is that the site still exists and people continue to use it. It didn’t die completely and even if most people bailed on Reddit it would continue to exist and have a user base