• Chais@sh.itjust.works
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      1 year ago

      They vastly overestimated their users’ willingness to pay for content and put up with their bullshit.

      • Skyline969@lemmy.ca
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        1 year ago

        I thought that too. And then nothing happened when Reddit killed third party apps. The Reddit userbase will continue to bend and spread. As long as Spez spits on it first, they’ll continue to take it.

          • Rentlar@lemmy.ca
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            1 year ago

            I’m glad you could make it! I don’t really care personally whether 100 people or 100 million people are using Reddit. It’s dead and gone to me now.

          • Skyline969@lemmy.ca
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            1 year ago

            And we’re a drop in the bucket compared to the Reddit userbase. A rounding error. Some impact we made.

            • BarqsHasBite@lemmy.ca
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              1 year ago

              So “wahhh it has to be everyone, immediately, at all once, 100% replacement!”

              Dude, new product is in the market and going on fine.

            • BrandoGil@lemmy.world
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              1 year ago

              I’m not quite sure that’s true. Maybe in raw numbers, but we’re a living, breathing base of contributing users helping to keep a whole platform and community alive. It doesn’t matter if the Federation isn’t purely made up of former Reddit users as we’ve assimilated. Every contribution we make on this platform is one more that the last one doesn’t get. Votes, posts, comments, it’s all here and not there. I would very much like us to get to the size where the sports subs are active during game threads, but we’re still having an impact.

              • Ann Archy@lemmy.world
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                1 year ago

                I can live without the sports subs. In fact Lemmy feels a lot like how Reddit felt around 2010. I wouldn’t mind keeping it small like this.

            • Chais@sh.itjust.works
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              1 year ago

              Depends who you ask. Reddit likely didn’t notice any difference, but I’d say the difference on Lemmy is quite drastic.

        • Aabbcc@lemm.ee
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          1 year ago

          nothing happened when Reddit killed third party apps.

          Well that’s not true. Reddit is definitely different than it was at the start of the year

          • oddspinnaker@lemm.ee
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            1 year ago

            Not only that, but the insistence on seeing everything as zero-sum is fucking ridiculous.

            “Well we didn’t even take down a massive corporation with an install base of hundreds of millions!! Hmph. Why even bother ☹️”

            How old are these people? Are they for real? Lol

        • freebee@sh.itjust.works
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          1 year ago

          It’s probably still growing, losing old users and gaining others, to become about as interesting as Facebook has been for over 10 years now.

      • Arcane_Trixster@lemm.ee
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        1 year ago

        I could see cryptobros and the “investing” subs spending a lot on this. They were already buying tons of awards to hype themselves up.

        Any unironic circlejerk cult will by buying these and pinning them on each other’s chest, same as the dumbass awards.

        I think reddit knows their target audience pretty well; Rubes. That’s why they let all the toxic “stock”, crypto-scam and political extremist subs stay open until the media starts writing stories about them. Gullible idiots spend a lot of money trying to make their opinions look smart and popular.

        This will make Reddit a lot of money in the short-term, but probably push more legitimate/casual users away as these “premium upvotes” will surely effect the algorithm and push more nonsense into people’s feeds.

        Now that i think about it, this will probably help advertisers and political groups astroturf all of reddit.

        • resketreke@kbin.social
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          1 year ago

          this will probably help advertisers and political groups astroturf all of reddit.

          So it’ll work as intended then.

          • Synnr@sopuli.xyz
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            1 year ago

            Yup. That $50 option is going to be 75% business/political co, and 25% real users.

            • eric@lemmy.world
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              1 year ago

              Even if the former’s 99%, Reddit does not give a shit as long as they collect the revenue.

              This is basically Citizens United for Reddit, but substantially worse because at least with CU, they’re required to disclose donors. Reddit allows these awards to be bought anonymously, so you’re rarely able to understand who is doing the manipulation.

        • freebee@sh.itjust.works
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          1 year ago

          The reddit crash in userbase and content quality actually began earlier indeed, with the wsb explosion into big media and the gamestock madness and the influx of a large flock of dumb people hoping to get rich quick.

          I think a lot of the quality did move away from there to here. Lemmy should grow, but not too much or too fast. There’s no rush, there aren’t lemmy investors waiting for their double digit ROI by the end of the month.

        • Ann Archy@lemmy.world
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          They let basically any sub stay up back then because back they actually cared about free speech. It’s around the time they started censoring the platform that it really went to shit, too.

      • 1bluepixel@lemmy.world
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        1 year ago

        And you’re vastly underestimating Reddit’s user base’s willingness to simp for porn stars and billionaires.