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I really hope that Reddit is getting punished for being too greedy. But I’m afraid that it is too big too fail just like Twitter sadly. But I’m glad that I’ve found Lemmy.
Jury is still out on Twitter. It very well could fail.
It just didn't happen the instant Musk entered the building. This type of thing usually happens on longer timeframes. Digg died unusually fast.
Digg failed fast due to people already using reddit. Many users had an account on each by the point of the big update. Enough were giving up on Digg for earlier changes.
Digg kept trying to find better ways to monetize, but eventually just gave up on keeping its own identity. By the time Digg released the big UI change, many users just stopped using Digg and used their reddit accounts. Many did have to create new accounts, but reddit was functionally better Digg by that point.
So what made Digg fail fast was due to it already being on the ledge. Digg chose to jump as opposed to get pushed off. Reddit didn't have a strong alternative coming up like Digg had.
I guess I'm mostly rambling, but Digg was set up to fall already. It just decided to go for it. And reddit was so good for so long that alternatives never built up a users.
No that's a very valid point!
In a way I'm glad this time around we're building our OWN instead of jumping into another centralized platform. If it happens again, we can just shard off and host out own instance and still follow all our favorite communities etc ....
@Paesan
You may be right.
EDIT: typo
It all depends on how reliable meta's thread will keep and grow their new user base.
They were unprofitable BEFORE the debacle. Whether this sinks Reddit or not, they are absolutely not too big to fail. They haven't yet figured out how to succeed even.
Social media empires are like silent movie era film stars. They don't abruptly stop existing. They just fade into obscurity whenever something newer and "sexier" comes along.