In the last 3 days I’ve been paying attention to r/all, expecting several posts about it and…
Yeah
Wasn’t expecting the website to literally shut down nor to monopolize r/all, because 3rd party users are the minority, but I hoped for more than whatever this was.
At least there’s a silver lining, I discovered new alternatives that have healthier communities
The difference that I see between reddit and twitter is that reddit hasn’t been purchased to be the plaything of a billionaire. This matters because unlike facebook and google, reddit and twitter aren’t profitable. That means that reddit doesn’t have to pockets to buy up competitors, lobby for beneficial regulations, focus on expanding overseas, or move into making hardware.
Reddit is just the plaything of anonymous billionaires that’s the whole reason they want the IPO at all costs because they can’t cash out without it, even if it is less than they had hoped for.
Yet. It hasn’t been bought up yet, but they really really wish they were. Reddit has flipped to profits only mode already and they’re never going to change now. Being bought out during
IPO isn’t going up change that either, only intensify it