Imo Reddit has been the winner of the 3rd party apps and fuck spez protests. The users came crawling back. A few of us went to lemmy and formed quality communities, but for the most part, a large majority are on there.
Technology
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Did they? Other than /nfl most of the communities I followed went to shit very quickly and haven't recovered. They are mostly bots talking to bots or the same questions and post over and over with minimal new content
Similarly with twitter and mastodon. Generally, that's fine ... smaller niche online spaces are a good thing (as many who've remained have discovered I suspect).
But in the end, for those who see this fediverse project as a mission to "take back the web" ... so far only pretty minor movement has been made on that front. To the point that IMO I wouldn't be surprised if Twitter etc just "win" and the whole "alternative" social media thing stays "alternative" and relatively small. If there's a chance of this, I'd say to fediverse advocates that they should maybe rethink what the fediverse is and what it's good and not good for, because there's a real chance here that the fediverse kinda dropped the ball, especially mastodon which has been going strong for a while now.
I've never used Mastodon, but from what I've heard it's an entirely different ballgame where you basically need to go where the people are. e.g. artists seeking commission work need more rather than less people, and if you want to follow a particular someone, you go to where they are not the other way around.
And if their servers have anywhere close to the level of technical glitches that we do here on Lemmy... well it is quite off-putting, especially to non technically minded people.
I'm not sure they have technical glitches in the same way lemmy does. Interestingly, the difficulties people have, I think, are because federated social media is actually a bad non-idea technology to use for a twitter clone.
So much either doesn't work how you'd expect or involves new problems that all together they start to defeat the point for many. For example, replies to a post. The author of the post sees all of the replies. But replies aren't actually federated unless certain conditions are met based on whether someone on your instance follows the person writing the reply. As a result the author of a post that receives many replies has to manage/tolerate a bunch of replies that have no awareness of the fact that they're just repeating what has already been said, sometimes many times over. For people replying to a post from a small/niche instance, they basically don't see any of the other replies, which just makes for bad content for them, but also means they constantly risking being really annoying people which in turn effectively punishes small instances. This is generally referred to as "context collapse", and yea, it's something kinda extraordinary when the core feature of a social media platform actively destroys the context of conversations.
Lemmy doesn't have this problem because its based on groups where the whole premise is that the whole conversation gets federated, and for that reason I think a reddit clone or a forum or a youtube-clone (or anything based on groups, sub-reddits or channels) is a better fit on the fediverse.
The other friction mastodon has is that, as a twitter-clone or microblogging platform, its core mechanic is following people and allowing people to form their own network of connections and friendships. But once you've got federation and instances in the mix, where defederation happens, then you have this often completely separate dynamic (ie the relations between instances) capable of completely slicing your personal social network in many destructive ways. Often this happens without people hearing about it (as there aren't mechanics for notifying people of defederations AFAIU), so that they have to find out after some time to realise that they hadn't heard anything from a whole bunch of friends and were wondering what had happened. Moreover, what such people can then do to re-connect with those friends is rather non-trivial. It's probably the major draw back of fedi-drama, that the majority of people affected by it don't benefit from it and would prefer to just be on the big instance (mastodon.social) that no one really defederates from or just go back to twitter.
EDIT (more ranting):
The way someone I like (as a person on social media) put it, after giving mastodon a good shot, was that mastodon misunderstands what people want from social media, that mastodon puts independence over socialising when people prioritise it the other way around ... the whole point is to connect and converse, not to run your own instance and make sure you've defederated from everyone who has it coming.
Now there's the whole issue of making sure someone vulnerable to abuse is able to ensure their own safety and happiness from would-be assholes and abusers and even those eager to voice unwelcome, abrasive and triggering points of view which are generally tolerable because they're the mainstream. Federation across instances can help with this ... but can also make it worse because anyone can talk to you from any instance over which you have no control or information until it's too late. In many ways, decentralisation isn't great for these problems and creates new problems that a centralised form of social media simply doesn't have (not least of which being that the whole thing is about copying you and your posts out to everything on the network). It's for this reason that BIPOC left mastodon and went back to twitter, because to them, mastodon was the racist/facist place, not twitter. In light of that phenomenon, it's worth considering the perspective that decentralised social media might be a bit of a weird idea and rightly seen as a bit of a fanatical and even a bit of a right-wing or libertarian movement.
In the case of group-based platforms like lemmy and forums however, I think it makes much more sense. Many independent forums are out there, and have been and hopefully will be for a long time. Why not contribute Open Source software for such things (such as lemmy) and enable them to connect to each other however they wish.
meh.im happier as a member of the federation and honestly if we got all the reddit users it would lower the quality fast.
I mean, that was never seriously in doubt. The days of massive site migrations happening overnight are long over.
What matters is the momentum.
No we didn’t. I happily left reddit the day Apollo stopped. They also lost my premium subscription.
I also stopped Twitter when musk took over. I use Bluesky or Mastodon and find both platforms to be superior.
Sure, some folks may have, but many of us have not. Does that matter to Reddit? probably not. Do I care? not really.
Modern Reddit is unusable, and old reddit isn’t mobile friendly.
Sure feels like they timed this IPO pretty badly. I think the ideal time to strike on this would have been a few years ago... Based on market conditions anyway. Reddit itself may just not have had their ducks lined up enough, but that's their problem, not the stock market's.
- Tech stocks trading sideways for the last year or two
- The interest rate money printer got shut off and cash is not cheap anymore
- Seemingly all the major new tech stock investment interest is circling around stuff like AI
- Federated alternatives are slowly building steam and people seem to have gotten pretty salty about corporate social media
- The pandemic is more or less over and people have pulled back from being chronically online somewhat (this is my guess, I don't have data to back it up)
Also what exactly is the monetization strategy? Ads I guess? More catering towards creating corporate "synergy" with the Reddit community? Selling user data/content? So basically making the place suck considerably worse for users is what it looks like to me.
Monetisation?
Licensing the site to AI when there's finally a ruling they can't just scrape the internet for training data while ignoring copyright.
I was told reddit has already been scraped for AI and all sorts of stuff. There is very little new value to sell.
I've already left, but seeing them marching towards an IPO makes me even happier with my decision. I just fear that the mountains of helpful troubleshooting and advice on Reddit will be locked away forever soon, while the rest of the web falls to SEO and AI-generated nonsense text...
Reddit Was the only site Google could effectively search. Rip googling questions and adding reddit.
Man, and it works great. It is waaaaay more common to find good answers to a question from a bunch of randoms on the Internet than trying to get an actual answer from a random website. Sometimes you find bs but you can usually quite quickly filter it out, and it gives a good basis from which to then continue to search on the topic.
Good fucking luck with that
for that bot-infested shitposting dump?
Pardon me, but I believe you mean that bot AND AD invested shitposting dump.
The markets are insane. There is no way Reddit is worth 5 billion.
watch the reddit ipo be a catalyst for a stock market crash.
To me it’s a sign of how out of whack the stock market is right now. Lemmy created the Reddit experience at a fraction of the cost. Yet Reddit spends millions a year doing it.
I 100% can see it easily selling for that much.
You want to know why it's worth that much?
Petabytes of raw training Data for LLMs. Arguably atm reddit us one of the better gold mines of LLM training data on the internet, bazillion of posts already formatted as post-response chains, which is the exact type if format an LLM wants to train on.
Can you imagine how valuable those servers loaded with posts are to a company like OpenAI, Google, or Microsoft?
5 billion is quite reasonable to harvest every reddit post that has ever been made ever and cut it off from your competitors.
The worst part is that ai chatbots will start responding like redditers. I can't wait for chatgpt to regale me with a story about his dad beating him with jumper cables, or jolly ranchers, or hell in a cell.
Has reddit not already been scraped? With all of that information exposed bare on the public Internet for decades, and apparently so valuable, I find it hard to believe that everybody's just been sitting there twiddling their thumbs, saying "boy I sure hope they decide to sell us that data one day so that we don't have to force an intern to scrape it for us".
This data was out in the open for a decade and still is. People could train their llm without problems.
Reddit is such a nice example of capitalism turning a genuinely nice thing into a pile of garbage.
$5 Billion for a chronically unprofitable, niche social media platform in an already crowded field. Yeah, Ok. You'd get a better return on your investment if you just burned the money for heat.
"niche" website in a crowded field....that is also the top 9th most visited website in the world, above tik tok.
https://en.m.wikipedia.org/wiki/List_of_most-visited_websites
Everyone here are thinking $5 billion means Reddit won. Wasn’t their evaluation at $15 at one point?
If the went from fifteen bucks to five billion, yes they totally won 😉
Well I guess I fully set myself up for that one lol
Meanwhile tech is hemorrhaging.
Good luck Reddit! 😂