The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.
The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.
It’s always been ridiculous to me that what is essentially a forum has shareholders. That’s why I left Reddit during the app debacle and haven’t looked back.
Corporate social media was a mistake. Genuinely, I lay a lot of why the state of the western world is the way it is at the feet of Zuckerberg and his peers.
Same. I’m not sure Lemmy is any better tho. I know, I’m a hypocrite.
It’s not owned by a corporation and doesn’t sell your data or use it to feed an algorithm. So yeah I’d say it’s a lot better.
What exactly is your critique? Do you think news aggregator style social media is an issue in general or is there something that lemmy just doesn’t do good enough?
If I had to find something to critique, it is that bad-faith agenda-pushing is still rampant here, from “both sides” - rather all conceivable sides.
Not like I have a solution for it. Maybe forums shouldn’t be this big, and we shouldn’t primarily be talking to strangers.
Bad faith agenda pushing was a problem in the days of forums and BBS too, although admittedly to a lesser extent because those platforms were smaller and less commercial. As long as people are able to talk to each other over the internet, that will be a problem. I think the best way to tackle that is being able to spot it and call it out when it happens.
Social media is polarising. Lemmy, for example, and to a lesser extent Reddit, are politically left leaning. Xitter and Truth Social both very right leaning. Across all platforms voices to which do not conform to the status quo are either attacked or silenced. It’s anonymous mob mentality. The human animal was not meant to communicate this way, it’s not healthy, it just creates echo chambers on both sides, spreads misinformation, and is addictive.
Right now it is ok. But I worry that AI will enshittify even the Feddiverse.
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It’s better in many ways, but one that I feel is quite important is that there’s no profit motive to keep users on the platform and engaging with advertisers for as long as possible, and therefore no need to develop the kind of exploitative algorithms that drive screen addiction and engagement through rage.
Reddit had shareholders before their IPO, they just weren’t public shareholders.