Reddit is paying the price for ignoring the users' protest against latest changes made by the company. On the one hand, many people have moved to platforms such as Lemmy,…
They really don't. Yes. They did lose users and money in the last week but I doubt it will have any significant influence in the future. In half a year they're back to normal
Two things. One, you have to consider that the 3rd party apps haven’t gone away yet. That will be a big deal. And more important, two, if you were a potential investor, you would be seriously considering what’s going on, before investing. Advertisers are already reconsidering. That’s a big deal, for an investor, since that’s a major revenue generation for the Reddit.
Then factor in all the bad publicity (contrary to the popular saying not all publicity is good). Shockingly, the majority of the articles I’ve seen, and the other press about it haven’t been even remotely flattering to spez.
They've lost their reputation. Their actions over the past few weeks have soured at least a portion of their most die-hard users who generate the content for the site.
I myself was an avid user visiting daily and contributing/helping newbies multiple times a day answering the same questions and guiding them in the right direction. That all stopped - I haven't been on the site since the blackout started. I even blocked reddit at the router level so I don't accidentally visit the site.
I've since found two other social media platforms (kbin social and squabbles) to scratch my itch for social interactions. I won't miss reddit - it's not the old reddit it used to be a decade ago.
Maybe when the dust settles I'll return to lurk reddit and laugh at the sh!t show it's become, but I won't return in the capacity I did before
Yeah, this is not the same Reddit from 11 years ago when I joined. I have been lurking, however I haven't posted anything since the blackout. As I started scrubbing my history today, I realized my cake day is on the 26th of June. I plan on quitting then.
A significant population have left for good. Sure more will take it's places but it will get shttier and shittier. Just like Facebook before it.
This is reddits watershed moment.
Those that care will leave. Those that don't will drive it down into the depths of hell.
Remember reddit works because of content creators. As they leave or that content changes. It will slowly or quickly change.
And honestly, I don't mind one way or another what happens to reddit. Maybe they will continue on and pivot to something that makes spez rich. Or maybe it will be a dead ghost town. I have become pretty convinced that the spirit of reddit lives on in the fediverse.