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this post was submitted on 16 Jul 2023
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Seems like Reddit and Twitter are having a race on who can burn their house down faster.
I think Reddit is in a fat trimming stage where they kick everyone off who they aren't monetizing, then scale their systems to drive down costs. Then try to squeeze their user base even further. If they aren't making money off of me, why would they want me using their systems? That's their mentality.
Because you are the product. They want what you have.
That just seems so crazy as they ramp up to an IPO. Yes, let's alienate users. reduce our overall active users, and throw hissy fits at our mods who are volunteers without whom, this site cannot operate. That should establish confidence in the marketplace. I just don't understand the thinking here.
People will say 'enshittification', well okay, but even on paper, all their moves have been so bad lately, and they don't seem to care. It's weird. Seems to me for example a platform with 100 users and 40% monetization is inherently more valuable than a platform with 40 users and 100% monetization. That's just my stupid opinion though.
It is because they have sheer numbers and that is what they are selling. Probably trying to get conversion ratios high to try and attract investors.