this post was submitted on 19 Jul 2023
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Technology
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The July metrics must have shown them engagement is plummeting, especially content submissions, which have been garbage since the blackout. One look at r/all shows most posts being up for hours and sometimes days at a time - it used to be a matter of minutes. Doubtless this is also reflecting in their traffic metrics as well.
As someone who contributed there since the pre-Digg days, after discovering the Fediverse, I'm never going back. Reddit arrogantly assumed that there was no other platform mods and contributors could go to that would provide what they do. But when it comes down to it, the Fediverse does what Reddit did, with more features, flexibility, and without the threat of centralized mismanagement. The only thing Reddit had that the Fediverse doesn't was an audience of millions, but the audience follows the content, and the best place to create content online is right here, right now, right here, right now, right here, right now.....
Welcome to the next evolution of the web, Reddit, and to the realization that you pushed your audience to evolve past their need for you.
Reddit fucked around and it found out.
Don't forget they deleted premium and awards completely. They seem to be making the worst possible decisions at every turn. It's absolutely breathtaking.
It's like... I keep imagining what if I were a Manchurian Candidate CEO and tried to destroy the entire value of my company as surely as possible before being found out, what decisions would I make? And I must say, what spez and musk are doing keeps surprising me at every turn, because even in my imagination I have not come up with schemes as effective as theirs.
Don't worry they've rolled out a subscription now! You can pay $50 a year to see a bunch of reposts and propagand bots while the admins jerk each other off!