Companies finally realized enshitification is not a good long term strategy.
If I’m reading this right, the last estimate ($5.5 billion valuation for Reddit) is from May 31, right before the revolts.
Either way this doesn’t surprise me at all. Contrariwise to what Steve “greedy pigboy” Huffman might believe, investors aren’t stupid; they know that the main asset of a social media site like Reddit is its userbase, and that if you piss off the most contributive users there, the value goes down considerably.
I really wonder if they aren’t going to just sell it to a language model company and walk away from it
Nah. Why would someone buy it, if they can scrape it? They don’t even need API usage, let alone buy Reddit.
We did it Lemmy
We identified the Boston Bomber!
Ooph. Those were wild times.
Can we gaslight discord into thinking this is bc they got rid of their native apps
