Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.
Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed
view the rest of the comments
It's futile. Reddit doesn't care about the fallout, and it's only going to worse as they prepare to sell.
The hilarious part is that Fidelity, a current investor in Reddit, already cut the valuation of their stake in Reddit by 41%.. Its obvious that investors already see Reddit as a sinking ship and that the social media value bubble run on debt is deflating, now that the free money Fed policy is a distant memory. All these moves are going to do is shutter their company with zero to show for it. Had they just done nothing, their IPO would have probably gone better lmfao. Most intelligent Reddit ceo moment.
See I'm taking this as another hit to the quality of the platform Us who flee aren't the ones who lurk, but the ones who make comments or produce content. Exoduses like this have happened before and the quality has sunk ever so slightly. The black out of subreddits will hopefully make more people aware of the changes, and make Reddit know that people don't like said changes. It's still a good thing even if nothing happens.
A lot of lurkers are gonna flee the platform too though, but they might not join other sites/communities like Lemmy to replace it. So the loss for Reddit will be bigger than those who choose to migrate to Lemmy. And I expect a few lurkers from Reddit, like myself for the most part, are gonna be more active on Lemmy, since the community seems a lot less toxic. I didn't care too much about contributing on Reddit, since pretty much every discussion attracted trolls, spammers, or just hostile users, and the discussions, the exchange of ideas and experiences just vanished or drowned in a sea of noise.