I don’t think “greed” is quite the right word.
“Greed” would be the right word if they were trying to make themselves more profitable.
But they’re not: they’re trying to make themselves profitable at all.
That’s not about greed, but about surviving.
You can’t survive unless you stop hemorrhaging money at some point.
Maybe the question is “Why do investors invest so many hundred of billions of dollars into companies that cannot be profitable without becoming super-shitty? And why do users join them knowing that they’re going to become super-shitty one day?”
To expand on this, it’s not just capitalism - it’s greed.
No it’s just capitalism lol. Every company has to continue reaping in profits for capitalists or else it dies. This is just Reddit’s way of doing that.
But first be not as terrible to the users to attract them, then hope they’re lazy enough to not go anywhere when you treat them terribly later while they squeeze value from them
Exactly – this is almost certainly bad for Reddit’s business at this point. The problem here isn’t necessarily capitalism so much as it is a egocentric CEO gone mad with power.
Yea, I am not a capitalism enjoyer, but it’s comical watching people insert their favorite pet politics as the sole reason for everything that’s happening.
Doesn’t have to be Lemmy, they just have to stop using Reddit. If the power users (posters, content creators, mods, etc) really do leave, then the regular users will likely lose interest and leave as well. It doesn’t matter if they go to Lemmy, TikTok, or start spending time with their loved ones again.
There are rumors that Reddit will start using (more) bots and AI to generate content, which is certainly not beneath them at this point. The tech equivalent of a lava lamp.
Some definitely are. They’re the ones that folded as soon as Reddit threatened them. Others are holding strong, knowing they will be removed. Others, like the ones posting John Oliver memes, are really just trying to feel like they’re in power. They won’t do anything to actually get in trouble
I’d argue it is, because of the damage they’re doing to their brand.
I’ve said it in a couple other threads, but Reddit has other ways they can monetize their 3rd party app users, such as requiring subscriptions to use third party apps, or even by simply giving third party app devs a longer lead time to change to a paid model. Instead of doing either of those things, the CEO had a tantrum and alienated a bunch of people.
Capitalism. Monetise everything no matter the cost to the users
To expand on this, it’s not just capitalism - it’s greed.
Potato potato
Well,greed causes capitalism
I don’t think “greed” is quite the right word. “Greed” would be the right word if they were trying to make themselves more profitable. But they’re not: they’re trying to make themselves profitable at all. That’s not about greed, but about surviving. You can’t survive unless you stop hemorrhaging money at some point.
Maybe the question is “Why do investors invest so many hundred of billions of dollars into companies that cannot be profitable without becoming super-shitty? And why do users join them knowing that they’re going to become super-shitty one day?”
No it’s just capitalism lol. Every company has to continue reaping in profits for capitalists or else it dies. This is just Reddit’s way of doing that.
YES.
But first be not as terrible to the users to attract them, then hope they’re lazy enough to not go anywhere when you treat them terribly later while they squeeze value from them
do you think this move will be good for their business?
You ask on Lemmy…
Exactly – this is almost certainly bad for Reddit’s business at this point. The problem here isn’t necessarily capitalism so much as it is a egocentric CEO gone mad with power.
Yea, I am not a capitalism enjoyer, but it’s comical watching people insert their favorite pet politics as the sole reason for everything that’s happening.
I don’t even think it’s a bad business decision.
Most people didn’t use 3rd party apps to begin with. I’d guess about 75% of the vocal minority who protested, will continue to use Reddit.
And a very small % of people will quit Reddit in favor of Lemmy.
Cheers for being the very small %
Doesn’t have to be Lemmy, they just have to stop using Reddit. If the power users (posters, content creators, mods, etc) really do leave, then the regular users will likely lose interest and leave as well. It doesn’t matter if they go to Lemmy, TikTok, or start spending time with their loved ones again.
There are rumors that Reddit will start using (more) bots and AI to generate content, which is certainly not beneath them at this point. The tech equivalent of a lava lamp.
I suspect that power users, like mods, are more interested in the “power” they have on Reddit than standing up for anything.
I’d love to be wrong though. Reddit can’t die fast enough.
Some definitely are. They’re the ones that folded as soon as Reddit threatened them. Others are holding strong, knowing they will be removed. Others, like the ones posting John Oliver memes, are really just trying to feel like they’re in power. They won’t do anything to actually get in trouble
I’d argue it is, because of the damage they’re doing to their brand.
I’ve said it in a couple other threads, but Reddit has other ways they can monetize their 3rd party app users, such as requiring subscriptions to use third party apps, or even by simply giving third party app devs a longer lead time to change to a paid model. Instead of doing either of those things, the CEO had a tantrum and alienated a bunch of people.