🤦‍♀️ It's over, boys, the Twitanic has sunk

Woland@lemm.ee to Technology@beehaw.org – 29 points –
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You know the fediverse isn't perfect but it seems more sustainable than these big social media companies that are not profitable. Reddit and Twitter make no real money but want to host everything on their website and I'm not entirely sure why. Image boards like 4chan purge all their data and the fediverse is spread out to a bunch of different servers. What's the point of keeping everything forever on one server? Do they really think that all that junk data is valuable?

Also why did reddit go from just hosting text to hosting images and videos? It used to be a link aggregation site now it's a never leave our borders site I don't understand how that's going to be profitable with how much hosting that data is going to cost.

Years ago I used to hit like 15 websites a day just for video game news and discussion then it became all reddit.

As Cory Doctorow termed it, it's the enshittification of the Internet - all for the sake of "shareholder value" It's a proper "can't see the wood for the trees" business