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this post was submitted on 07 Jun 2023
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Technology
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Reddit still doesn't quite understand where their value is derived from.
I can imagine bunch of idiots making user base and profit/loss projections without even opening reddit for once.
What do they say?
When your opponent is making mistakes, let them.
Its an unfortunate ideology that everything in the world should be optimized around profit.
I mean Reddit is clearly a company that shoyld focus on making proft. I don't have problems with that. The problem is that it's a stupid decision that doesn't seem to nessesarily help them profit wise. Besides, it has been a great platform for countless communities that I just didn't want it to end.
Reddit is a company that commoditizes human communities and profits from the free labor of those who are willing to put in the effort to belong to something. Their value is derived from the communities that use their platform and the communities derive value from the tools reddit creates that allows for them to organize.
Reddit should focus on being a good platform. The profit-centric focus degrades the quality of the platform and will be the death of the thing in the end. The expansionist attitude is the achiles heal of capitalism. Anything of value gets turned into shit under that motive.