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Megathread for Reddit Blackouts and News - Week 1
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this post was submitted on 12 Jun 2023
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Technology
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I think you’re right. It seems like there’s a pattern for every new platform.
Early adopters make the the site fun, valuable, and worth while
People start to notice and the platform grows, becoming slightly worse, but still pretty cool.
Platform explodes in popularity and it goes to complete shit.
It’s happened with Facebook, Twitter, Instagram, and Reddit. I’m sure that day will come for this place as well. I guess we’ll just need to enjoy it while it lasts.
But I think a piece of this that’s important to remember is the messed up incentives that most platforms have had beginning around the time they took on serious funds from big investors.
From the moment you bring in serious investment dollars from Silicon Valley funds and SV wannabes, your incentive is no longer to build something that seriously delights users just for the sake of delighting users, everything is in service to shareholder value.
Reddit is perhaps the most classic example of our time of a truly wonderful platform being destroyed by shareholder value coming first.