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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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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.