this post was submitted on 18 Jun 2023
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I mean genuinely if your charging for access to the content I have created then I am I entitled to a portion of your revenue. Same as Adsense on YT not that I want to turn it into a race to the bottom for engagement like those scenarios are conducive to. But if we want to make it about money we can make it about money /u/spez.
If I were an executive and If I was even 2% clued into the effect this is having on shifting the conversation to fediverse type projects I would be shitting myself. Not because this will have an immediately noticeable effect on my bottom line, but that it will continue to grow organically. We already crossed the threshold of momentum needed to self sustain, its all up from here especially as the tools and systems mature.
Just look at the tech literate around us start to question “yeah why the fuck are we leaving social media in the hands of corporations???”
I'm cynical as ever, but I think it's a cash out.
There's not a better incentive to build a better product when they ran most of the independent boards into the ground, leaving them at a relative high.
I don't think there's a universe they can compete with free when interest is going up. All the reversals and user hostile policies are going to drive people away, how quickly that bothers Hoffman, the board and ohanian is probably just a matter to how quickly they can unload through the IPO.
I agree, and the hard pivot outwardly over policies and the near antagonistic stance the admin team has suddenly taken has got to be a precursor to something we not be aware of yet. Spez feels like a willing scapegoat to make a few million as he parachutes out when it blows up. They will use him to implement the unpopular decisions, get it "profitable" leading up to the IPO then remove spez and bring in a populist type CEO to smooth over the dissent. Maybe give better tools, act like they give a shit but not actually roll back any changes.
We know this tactic as its something wall street does all the time, and something reddit specifically has done before as well.
The current communities we have presently are amazing, but I'm really curious to see the impact of the new Reddit alternative that Jimmy Wales is working on