Remember Digg? It once made a big mistake. Everyone left Digg and joined Reddit. Someday, history will repeat itself. That day, Reddit stock will crash post-IPO. Their entire businesses are based on users, and they have been hostile to users for some time.
@nixCraft I don't know. It's weird. People are developing a bit of a stuck mindset on a lot of things. I thought everyone would mass exodus Facebook when it became known it was stealing info and manipulating people, yet it still controls the minds of older people. I thought everyone would mass exodus X when it was taken over by nazis, but so many are still there... I thought people would already have left Reddit, yet they're still there. People just get... stuck...
I'm almost surprised that they're going ahead with the IPO, but sunk cost fallacy is a B, and well... it's not like they got this far from actually being able to consistently make good decisions.
@nixCraft Once the vultures get control you can expect multiple rounds of 'right sizing', changes of direction, revenue 'enhancement' changes, and regular changes in senior management. Last stage will be a fire sale followed by filing for bankruptcy. Only winners will be the vultures who bought and sold their shares before it tanks.
@nixCraft You say that, but I’ve seen so many people bounce back to #reddit and #twitter after they got bored with the alternatives, or forgot why they were mad at those platforms.
Doesn’t help that fed’s answer to Reddit #lemmy ended up being taken over by chuds.
@Exaltia Yes, I think Digg was the first one to introduce and be successful in upvoting/downvoting stories. Before that, Slashdot existed, but they only allowed upvoting/downvoting comments. So Digg was nice, but like Reddit, it was controlled by a tiny group of Mods and Site admins. Mods got caught multiple times accepting bribes to push stories to the front page, plus SEO junkyard and stuff like that.