Reddit faces new reality after cashing in on its IPO

Blaze@discuss.tchncs.de to Reddit@lemmy.world – 141 points – Reddit faces new reality after cashing in on its IPO
arstechnica.com

cross-posted from: https://lemmy.zip/post/12276054

Reddit must now answer to its shareholders as well as its vocal users.

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Year of the lemmy ?

Maybe in a few years.

Right now we're talking 0.0057% of the monthly active users. Lemmy likes to hype itself up a lot, but the market share is incredibly tiny, and likely will be for years to come. As a platform Lemmy would be incapable of handling that kind of scale, from both a software, design, hosting, logistics, cost, moderation, and community perspective.

I'll be here, but let's check in each year on it. I'm guessing it will be a few before we either see accelerating growth, or Lemmy is upset by better designed federated social media software, or it'll just be fragmented between dozens of competing platforms.

Honestly, I expect that the parts of the Web I enjoy spending time will be fragmented for the foreseeable future.

Lemmy people are obsessed with growth but honestly I think there's a trade-off that people are overlooking.

Yeah. I don't get the obsession with growth. I get missing some communities you want to have (that you had on Reddit for instance) but then try to cultivate those communities instead of wanting general growth. General growth just will eventually just lead to low effort posting/commenting drowning out interesting posts/discussions.

Also, if the platform is good it will grow anyway.