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‘Front page of the internet’: how social media’s biggest user protest rocked Reddit
(www.theguardian.com)
this post was submitted on 31 Dec 2023
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Technology
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Despite spending around 15 years on Reddit, I found it surprisingly easy to quit. I do miss some niche subreddits that just won't get traction here, but overall my switch to Lemmy worked out for the best.
With that being said, Reddit is still going strong, and you're deluded if you think this will change their IPO fortunes. The quality will plummet, but once the shares are owned and sold they won't care.
It will definitely affect the ipo. Ipo's are all based on expected growth. Any loss of users, mods, content, etc affects that. It was already in the news that whatever company wrote down the value of their holdings.
And people are getting wise to traffic numbers being inflated by bots.
As a moderator of a fairly large sub over there, I strongly suspect this is happening on a mass scale. According to our stats, we're getting 120k unique views a month (dropped dramtically during the exodus, but has seemingly returned to normal now), but posts rarely get more than 20 upvotes or comments. I know most redditers are lurkers, but even still, that just seems like an oddly high number of views.
In fact, they've already failed their quarterly projections from ad revenue which has already negatively affected their IPO evaluation.
Exact same. Was there for 12 years. Easy switch.
I've been having trouble finding another site with so many sub topics.
I'd use discord - but you have to manually find each room. There's no generic search function (not that I've found on mobile anyway - feel free to correct me)
If there's another large site I could use (other then lemmy which lacks the numbers) let me know. I'm watching reddit die and I genuinely feel the void it's leaving in my heart.
Damn I hate Discord for information. It's not open. It's nice as a chat (except for the whole thing with using Electron), but not for having information available.