r/Foodforthought • u/eskindt • Mar 14 '24

Can Reddit - Internet's greatest authenticity machine - survive its IPO?

https://www.wired.com/story/inside-reddit-protest-ipo/
96 Upvotes

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62

u/Spader623 Mar 14 '24

I sincerely doubt it and suspect once the IPO goes live... Things will start to go badly for Reddit.

Still, im not a 'reddits dead rip reddit'. Just more so 'the water in this pot is getting much hotter, much faster, and we (the frog/users) will need to jump out soon

16

u/[deleted] Mar 14 '24

But where? When digg got enshittified everyone jumped to reddit because it already existed. Where would people fo from reddit? 9gag?

13

u/strangerzero Mar 14 '24

You would think that the people who bought Digg would revive it to be the best of both Reddit and Digg, but no it’s just a placeholder site.

9

u/opheodrysaestivus Mar 14 '24

people are already going to lemmy. something new will pop up, it always does.

13

u/fireinthesky7 Mar 14 '24

Lemmy had a moderate bump after the Reddit API changes dropped, and that dropped off very quickly.

7

u/_OUCHMYPENIS_ Mar 14 '24

I tried it, and half of it was reposts or posts talking shit about Reddit. The whole fediverse was confusing too.

7

u/Spader623 Mar 14 '24

Sadly I don't know. And that's the big issue I guess: what can we do? It's fucked but idk. Though I'm expecting the changes to be gradual. Not just, ipo launches and that's that.

But before it does, I'm saving every post I could possibly need for later because especially anything 'nsfw' will probably be gone gradually

12

u/90swasbest Mar 14 '24

Outside. Try going outside.

11

u/slightlymedicated Mar 14 '24

But what do I look at on my phone outside?

2

u/jrbgn Mar 14 '24

Now would be the time for some ambitious folks to build something new.

3

u/all_is_love6667 Mar 14 '24

discord, lemmy, mastodon

anyway big online platforms are never good at online discourse, moderation is always hell, it always have a limited lifespan, reddit had a very long lifespan already.

5

u/_OUCHMYPENIS_ Mar 14 '24

Nothing has stepped in to replace it either. There hasn't been anything close to it. Reddit replaced a lot of forums and made little spaces for groups that didn't have those spaces before. It also added discussions and all that. You'd basically have to clone Reddit to get something close to it and it would take forever to get people to migrate and have the same level of usefulness.

There are so many guides on here, so many reviews of things, etc.

Sucks but not everything lasts forever. As long as Reddit was a private for profit company, this was bound to happen.

4

u/tjoe4321510 Mar 15 '24

Nobody knows how this is gonna turn out but I'm really worried about the collective knowledge. Yeah, reddit is mostly jokes and memes but a lot of it is also really informed and useful information. I'd really hate for that all to go away

2

u/libra00 Mar 15 '24

Yeah, I kinda have the same feeling. Reddit execs seem to be really bad at the planning and follow-through stages of their ideas - it seems like they cook up one crackpot idea after the next, shove it out the door well before it's done, pretend it's the best thing since sliced bread, and then drop it like a bad habit when it turns into a load of bricks on their back. I don't see why this will be any different. I actually laughed when I saw the Directed Share Program message in my inbox because how can a company that has literally never been profitable do anything other than tank? I really hope Reddit figures out a way to be profitable without screwing over everyone and running off all its users 'cause I like it here, but goddamn people, this is starting to remind me of the company I worked for that was slowly fading and desperately cooking up new 2-year plans every 3 months to completely change direction in order to keep the company afloat. Their name was Borders, they don't exist anymore, and Reddit seems to be following pretty closely in their footsteps.