The decline of Reddit is a great shame. But the model of social media companies needing to IPO and make profit always hurts users in the long run. When Reddit do IPO more decisions will be made that make the experience worse for users simply because the interests of the platform owners will no longer be aligned with the interests of the users. We can’t know how things will work out but at least the fediverse model is new and is theoretically more sustainable.
The decline of Reddit is a great shame. But the model of social media companies needing to IPO and make profit always hurts users in the long run. When Reddit do IPO more decisions will be made that make the experience worse for users simply because the interests of the platform owners will no longer be aligned with the interests of the users. We can’t know how things will work out but at least the fediverse model is new and is theoretically more sustainable.
My initial suggestion for the IPO was for Reddit users to buy off the majority of the shares 😄
But given the chaos right now, I don’t think this will work out anymore.