this post was submitted on 12 Jun 2023
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lmao. Sounds familiar. I think you're right that Reddit is going to survive, but I think this is a hard enough blow that it's going to change the personality of the site. For one, the IPO dreams seem DOA currently, with the handling of this, the fairly toxic nature of some areas on the site, and drying up of VC in tech all seem to be bad news for any optimism for Reddit as a company. I imagine that this treatment is going to lead to migration of some communities, maybe smaller ones, leaving only the karma-farming, bot-ridden, main subs to be "the front page of the internet" anymore.
I hope that Lemmy serves as an acceptable shelter if not home for users looking for the next good web aggregator/messageboard, despite its shortcomings and the growing pains.
Reddit has a worse power-user problem than Digg. I mean at the very least Digg didn't give its most active users the power to remove other people's content. The difference is that Reddit already existed as a better alternative to Digg until it imploded, whereas until the recent API changes and blackout happened, there was no viable alternative to Reddit and a lack of people seeking an alternative.
Time will tell. My concern about Lemmy is that it's non-profit and server hosting costs are great. It's all well and good until you see some of the smaller instances shut down because they cannot afford to host.