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The Reddit Protest Is Finally Over. Reddit Won. [Clickbaity title, but be sure to check the article itself] (gizmodo.com)
submitted 1 year ago* (last edited 1 year ago) by lvxferre@lemmy.ml to c/snoocalypse@lemmy.ml
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The title is a bit clickbaity but the article is worth a read. To keep it short:

  • large subreddits stopped protesting
  • 1.8k subreddits are still in the dark, but those are rather small
  • [from the article] "Though the Reddit team likely caused permanent damage to the platform and its relationship with users, Spez got his way. But that victory might not mean much."

IMO it was a Pyrrhic victory. Sure, the protests ended, and most users are still stuck in that shithole... but the reputation damage won't be reversed, Reddit managed to seed its competitors (as this one) with the necessary userbase to make them functional, and odds are that Reddit will keep going in its death spiral. And that doesn't even take into account the amount of bad press that it generated, that will hurt IPO numbers for sure.

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[-] lvxferre@lemmy.ml 18 points 1 year ago

Anybody thinking this whole shindig was a “pyrrhic victory” is deluding themselves. [...] y’all are lying to yourselves if you think this will massively impact Reddit’s IPO [...]

I strongly disagree, for four reasons:

  1. Bringing people to the Fediverse hurts Reddit. Alts have a chicken-and-egg problem: not enough users to get content, not enough content to get users. Lemmy and Kbin managed to avoid this problem, partially, due to the protests.
  2. Bad press does impact the IPO. Investors are only willing to invest high stakes of money in risky businesses as long as they promise a great return on the investment; however, the press shows that Reddit doesn't have a bright future (less RoI), and the userbase is pissed (higher risk). As such I do believe that those lowered the amount of money that the "old" Reddit investors will get out of the initial public offering, as new investors won't be willing to pay as much for the shares.
  3. Disengagement. Profit comes from user visits, but value (ability to generate profit in the long term) is from the content. And yet the revolts disengaged the most the ones who would generate and sort that content on first place; even the ones who might not leave (like we did) won't be as eager to post their stuff there.
  4. Small subs. The article mentioned 1.8k subreddits still closed, right? And yet small subs are the ones that actually retain users - because they're about everything and a bit more. Those likely won't get new mods or threats from u/ModCodeOfConduct saying "mods, keep working for free or we'll put other suckers in your place".

Could the moderators get a victory? I don't think so; I believe that they should've scorched earth and migrated. Even then, the revolts did damage against Reddit, that Reddit could go without. Reddit might've won the war against the jannies but it didn't benefit from its own victory, well, that's a Pyrrhic victory.

and clever marketing

Clever marketing could do something but Reddit is not clever. (If Reddit was clever it would've killed the 3PAs without a revolt, by boiling some frogs.)

But I wouldn’t be surprised if Reddit chugs along just fine.

I mentioned this in other threads, but my prediction is that Reddit will neither suddenly crash nor stay alive "just fine". It'll slowly go downhill.

[-] bestonecrazy@lemmy.zip 3 points 1 year ago

I mentioned this in other threads, but my prediction is that Reddit will neither suddenly crash nor stay alive “just fine”. It’ll slowly go downhill.

In other words, Reddit will turn into Digg.

[-] bestonecrazy@lemmy.zip 2 points 1 year ago

I am going to quote a wise saying I said on New Digg : "An empty Subreddit has been abandoned, a full subreddit will be abandoned"

this post was submitted on 05 Aug 2023
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