This Lemmy migration does feel like waaaaay more positive of a result than I ever expected from reddit getting worse.

I've always appreciated the idea of the fediverse, but mastodon and the twitter-style of social media has never appealed to me, and Lemmy used to be so tiny and niche, so I didn't invest much time in it until now. But this sure is nice, comparatively. I'm probably on here too much though!

They saw Lemmy becoming successful, corporate mistook Lemmy with Lemmings, and decided to go out Lemmings style.

...jokes aside, Cory Doctorow has a great text about that, called "Tiktok's enshittification". It's a four-steps process:

1. The platform is good for its users.
2. The platform abuses the users, to be good for its business customers.
3. The platform abuses the business customers, to claw back all value for itself.
4. The platform dies.

In my opinion it's also the result of management being disconnected from the platform that it manages, and not knowing fully the implications of their own decisions.

Doctorow's Enshittification describes it pretty much dead-on. It's basically the cancerous form of late-stage capitalism that we're living under now.

Some people have come up with the word "enshittification" to describe the basic cycle of modern web services.

The cycle consists of three parts:

1. You make the service that attracts new users by providing what they want. Often you do that at a loss, because your goal is to gain a big enough userbase for steps 2 and 3.
2. Once there's enough users, you shift to attracting commercial interests instead -- vendors if you're running a store, advertisers or celebrities or other "big clients" if you're a social network, etc.
3. Once both users and commercial interests are hooked, you can start tightening all the rules and switching completely to profiting yourself and your shareholders.

All these websites have almost always been net cash flow negative. They bleed venture capital to provide a service below cost in order to build a user base.

The problem now is interest rates have spiked. Rates have been basically zilch for much of the internet's history over the past 20+ years, so sites could actually operate for quite some time on super cheap debt that they almost never had to repay. And venture capital firms would just keep pouring money into the "next best thing".

Now that debt is rapidly becoming much more expensive to maintain, and those VC investors want their chunk of the pie back in their pockets. And they are going to extract it from every single one of these centralized services by whatever force is necessary. It's only just getting started, you watch.

The timeline split after harambe. This is known

The line has to go up.

The issue is that big companies have shareholders, and those shareholders don't demand that the company stay solvent, but that they achieve year-over-year growth. Even minimal growth like 2-3% over LY is considered a failure to most shareholder groups, depending on the size of the company. So eventually they have to squeeze every last drop out of the userbase/product to keep the line going up, so shareholders don't sell and bail.

Now, with Twitter there's a whole litany of poitical tin-foil hat theories I can shout out, but this isn't the place for it.

Reddit, Facebook, and Twitch: it's money.

Reddit is getting as much money as it can shored up with Venture Capital before it brings out it's Initial Public Offering (basically going public for people to buy stock in). High IPO, more perceived value, more space for advertisers, people are going to buy in. EDIT: I believe this is why they're making their API pricing so high (hence the whole current Reddit situation right now) so that they can get more ads viewed.

Facebook: I don't even know why people use FB, but im going to guess it's just ads.

Twitch: Again, Ad revenue. Slam as many first-party ads as you can so you get the money from advertisers. Keep the space clean and homogenized so Pepsi doesn't feel bad about putting ads in a video before a hot-tub streamer. (not that they're a bad thing, just using an example)

Everything comes down to the line. And it has to keep going up.

We've reached the end of the VC-funded golden age where they are all now demanding a return on their investment, hence why the screws are now all getting tightened.

I have a sinking feeling that these moves are not about money, but more about power and manipulation. If you squeeze these user bases such that the savviest users are forced out, those more likely to ask "Why?" about damn near anything, you will own access to a group of people that can be influenced to think/do/buy whatever the top management and/or majority shareholders want. If you lose a few million users, what does it matter if they were dissidents to your goals?

I don't think all that many redditors are moving to Lemmy. Judging by the stats on join-lemmy, there are only several thousand monthly Lemmy users, which is nothing compared to reddit which had tens of millions daily users

Their death is waaaay overdue. We literally jumped one cycle because the 2008 financial crisis and 0% interest rate.

Now there is no free money, and they need to extract value to seem a good investment, so they canibalize themselves and turn into shit.

Most of Elon stuff is doomed once reality catches on. Same with Uber. Same with streaming platforms. Same with Meta.

Also there is a new/old boy in the bubble and burst town, Microsoft and their AI push. It’s going to destroy them pushing them into overspending to keep up.

Everybody just wants money now. Some of that is reasonable, these companies tend to work if not with a loss, then with quite unpredictable margins.

Now that tech investors have found a new bubble - AI - they are no longer willing to sponsor old-fashion internet stuff and wait if it ever turns a profit.

Especially since many got used to becoming all that richer during the pandemic, and are looking to keep those numbers rising.

But there's also some sudden hatred of porn, and I don't know where that is coming from. Tumblr, Imgur have limited it completely, OF wanted to, Reddit probably will, coedcherry shut down. The owner of coedcherry said it was really a sudden 180° turn of the banks to no longer wanting to do anything with porn, and nobody knows why.

It's especially bizzare considering how these platforms keep assuring us that we'll still be able to post and see blown off heads and all kinds of other nasty stuff, it's just the titties that are being banned! Eh?

From everything I have observed, businesses are hunkering down for a recession in the next fiscal year. It explains the lay offs, the penny pinching, and puzzling decisions that look like business suicide.

For services that are free for users, advertising revenue and investment fund raisers are the only thing keeping them afloat. With banks like SVB getting seized by the FDIC, it's starting to scare investors. Advertisers are seeing the writing on the wall that people will stop spending as much as they used to. We are also probably seeing jacked up pricing across the board because businesses are taking what they can before it's gone.

So what's left? Squeeze users for money. Additionally, shed users that actually cost them money and these tend to be power users. The question, which everyone seems to be assuming is a foregone conclusion, is if this shedding strategy will end up killing the service. In reality, we don't know but the idealists would sure feel good if someone else ate their market share.

I'm just glad that federation is picking up steam in the social media space.

Facebook dies due to privacy concerns and misinformation. Twitter under threat because Elon. Imgur just deleted their NSFW content. Reddit with its API pricing. Twitch executives also getting greedy. Youtube has been going down for years.

It feels like we're seeing the natural life-cycle of social media companies in real time.

The twitter/elon thing is hilarious. I honestly do think he accidentally got himself into quite the pickle and now his pride is keeping him there. As for reddit and twitch, I don't assume these are the surface-level-dumb moves that we think they are. My guess is that this is a calculated means of rolling out the changes they actually want by:

1. overshooting
2. letting everyone get mad
3. backing off to their actual changes (or something close)
4. letting everyone think they've won
5. and finally push forward a bit more once everyone is preoccupied with the next thing

Internet users love to cancel shit, but at the same time, are always looking for the next thing to cancel. So as much as people hate twitter or facebook or tiktok or youtube or windows or nintendo or chick-fil-a or whatever, they're all just looking for an excuse to forget all about it, and continue using their product as quickly as possible. And corporations know that, so they've worked "giving them that excuse" into their plans.

The twitter thing is sad, but honestly not a huge deal. I rarely used it anyhow.

The reddit thing is depressing, since I've been a huge supporter and user of Apollo for many years. It feels like getting stepped on and I feel for the developer Christian Selig who devoted so much time and energy to the app.

I hope nothing happens to Twitch in the way that Twitter and Reddit have though, the small time streamers I follow and support won't survive a thing like that.

Course-correcting, maybe? Web 2.0 really overstayed its welcome with Facebook/Twitter/Reddit being such dominant websites over the past 15+ years. Various reasons of greed, narcissism, and other factors finally popped the bubble.

I'm really enjoying the Feder-verse or whatever we're calling it since decentralization can prevent a lot of this nonsense from ever occuring. It feels like a new approach to the late 90's era of message boards and such.

Outside social media, we also have Netflix pulling their own BS, and then lesser know sites/services that are near and dear to me are RARBG shutting down and Mullvad VPN removing port forwarding on July 1st. It's been a rough month for me in my little online sphere.

Big sites have made surfing the web so boring. I will end up spending the day on 2-3 sites. All this shake up will hopefully force me to look at more websites again.

The valuation of a lot of these sites was grossly inflated by the market, so when the largest shareholders saw their billions halve and know what the future holds, they start doing things to temporarily boost their profit margins and sell off the company.

The reality is that nothing is really dying and nothing is really changing. Twitter is still fully operational and other than a small hit nothing happened. Twitch already did a step back. For Reddit we'll see but only a really small percentage of reddit is using third party apps.

I think this is "normal" and the previous status was a glitch due to the low interest rates. Investors threw money at tech companies and didn't care whether they made any money. Not any more. It's now "make money or go bust". I am not sayiny these new trends will make them money, but IMHO it's what's driving them

Hah! Are we so inured to the death march towards dystopia that it is surreal when something good happens? All of these large social media sites are privacy hating monopolies that actively disrespect their members and misuse their information.

They should die. Let them. We should celebrate!

On one hand, I can name sites that, in 2023, either screwed over their user base, or just went under.

• Teknik (obscure file host/git repo host)
• Enjin (forum host for clans/everyone and their dogs' minecraft servers, rebranded to peddle NFTs)
• Imgur (currently scrubbing their servers of anonymous uploads/nsfw content)
• Discord (changing their username system to a bad one)
• Reddit (charging exorbitant prices for their api; $20m per year for Apollo's developer)

I have been considering a domain name to access hypothetical home servers as of late, just so I don't have to worry about shit like this.

I suspect that we're at end-stage capitalism, essentially every company feels they should be constantly making record profits and they think of predicted profits as granted, when they didn't reach predicted profits it was seen as losing money which in the CEO's eyes meant they needed to increase their income to make up for losses and the only way for companies that rely on user generated content for revenue was increased advertising which is the route youtube is currently going for the rest they had no way they could see to increase their income till elon decided to crash twitter with introducing the payed blue checkmark. What we saw when elon did that was a failing company but what twitch and reddit saw was an opportunity to not be blamed for following musks example, funnily enough though they fucked up on the attempt and everyone saw them as money grabbing

COVID.

COVID changed everything. In an attempt to recover quickly, companies ramped up their abuses to new levels. While billionaires defending them all had their masks removed as the world collectively realized that it's impossible to make a billion without exploring others.

Toss in back to the office mandates and rising costs while those same companies post record profits...all while the population is Uber sensitive to that kind of thing, and we're in the middle of a not so quiet proletariat revolution.

Thanks to COVID a lot of people realized that despite the elites best efforts, the enemy isn't left or right, it's us versus the super rich. And it's having a trickle down effect.

Although there's a lot of protesting going on over at Reddit right now, I really don't think it can be compared to twitter. 6 months from now, I doubt things will be all that different at Reddit. A small number of users (relatively speaking when compared to their total number of users) will leave, and that's probably it.

I HATE PUBLICLY OWNED COMPANIES I HATE PUBLICLY OWNED COMPANIES I HATE PUBLICLY OWNED COMPANIES

Hell, any such company is going to pursue infinite growth and always aim to squeeze as much money as possible from it's costumer base in the short term.

My guess is that because there is currently a big possibility of economic turmoil and these companies are appealing to investors, advertisers,etc. and trying to gain as much capital in order to look stable.

Elon Musk's buyout of Twitter seemed more like an extremely elaborate shitpost that went horribly wrong. It's like Musk never intended to buy them in the first place but was legally forced to do so (he tried to back out of the deal beforehand.)

As for Reddit, that place has been going down the shitter since around 2016. Power users have ruined that site, especially the handful of moderators that control hundreds of subreddits between themselves. Spez is a blithering idiot who has done more to censor and subvert the site than Ellen Pao ever did (ironically, everyone accepted it and didn't revolt against him because he wasn't a woman.)

That being said, I really hope Steve Huffman doubles down on the API changes and kills Reddit as a platform. Nothing would make me happier.

Twitch and YouTube literally think they're too big to fall and work actively to fuck over the content creator, when decent competitors like Rumble and Kick are coming along. Mixer could have been decent but Microsoft's strategy was literally to offer two streamers nine-figure contracts and somehow think this would drive people to their Twitch-clone. At least Rumble and Kick are competently run.

twitter was overvalued. reddit has made a lot of questionable business decisions over the last decade or so but their recent API change will be their death knell. it feel like a cash grab. I personally only use Twitch to watch Bob Ross reruns :P

The reddit exodus is comparatively very small. Tens of thousands of users, many of which will not stick around. Reddit has millions of users (hundreds of millions?). They barely notice.

Logged into youtube today and discovered that the subscription page is absolutely fucked now. It only shows three thumbnails per row on my 13" laptop screen and they've removed the separation by date, so now it's way harder to tell if any of my subscriptions have uploaded today. Seems like everything is going down the shitter.

The time of free money is over

Dying? Twitter is very well "alive" despite everything that has happened. I don't know what will happen to Reddit and Twitch but I doubt these platforms will "die". They aren't dying really. Just becoming worse over time. People will continue using these platforms up to a certain degree.

With great power comes great irresponsibility

-big corps

People aren't reacting to this sudden interference with content aggregation with as much outrage and fear as they should.

The thing that Twitter, reddit, and so many other sites that have recently been bought up and swallowed, do so well is aggregate information for us. It provides us a pool of information, with which we as a collective society can sift through and analyze together through the lens of our experience, our professionalism, and our intelligence.

Before these types of sites, we were segregated and isolated. As much as I miss forums, for the most part they became bubbles that hyperfocused on singular categories. This kept us in our place. This kept us from venturing out and sampling things that were different and other. When sites like Fark took off, we suddenly had insight into things we may never have had interest in or knowledge of before.

Corporations and governments are trying to dismantle aggregation because it keeps us informed and it keeps us involved. It informs us of the other, and allows us to co-mingle in an environment where we might be exposed to new ideas and new ways of doing things that were otherwise not available.

We shouldn't just be lamenting the downfall of reddit due to our lack of entertainment. We should be very, very afraid of the day when the only way you can find 'other' information is by using very specific search terms.

People in power have been working very hard for a very long time to take us back to a time before the Internet, and a time before aggregation. What I sincerely hope comes out of this is the realization that we are all stronger together with our complex variety of ideas and perspectives, and our ability to question things and provide information to each other.

In case anyone has forgotten, Twitter is a lifeline to many corners of the world most of us will never touch and have no way of accessing otherwise. Twitter was the tool for dozens of uprisings and protests around the world. Twitter was the catalyst for so many young people to connect and realize that the situation they were in could be changed. And that's been taken away. It's been made a joke, and people are leaving in droves. People whose experience and support could help the next protest. That's exactly what they want.

But what do I know, I'm just a rando on the internet, who may be able to tell you the answer to your very niche question, who may say just the right thing when you're needing support, or who may pass on your story to someone else who knows a journalist, which may lead to your voice or your injustice being heard.

They're trying to isolate you. Don't let them.

big money ruins everything