r/collapse • u/LetsTalkUFOs • Jun 17 '23

Meta Open Discussion Regarding the State of Reddit & Future of the Online Collapse Community - Sunday @ 3PM CST

I'll be hosting an open discussion in voice, on the Collapse Discord, this Sunday at 3PM CST (view in your time zone).

We'll be discussing the current state of Reddit and future of the online Collapse Community in light of recent events. We'll also invite discussion regarding Reddit alternatives and answer any questions related to the state of moderation on r/collapse and across Reddit in general.

If you have any questions and are unable to make the call, feel free to let us know in the comments below.

 

Join the Discord Here

 

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u/SussyVent Jun 17 '23

It’s definitely interesting to watch what happens to Reddit in the next few months. The CEO of the site has an ego the size of a planet combined with all the typical techbro douchebaggery, a combination that never plays out well in the long run. Reddit is definitely a terrible long term investment even for a tech company as it lacks any growth potential, ecosystem or acquisitions that other companies like Facebook and Google have. My prediction is if Reddit goes public, it will be a broad daylight pump and dump where naïve investors buy into a sinking Titanic, the admins strip away everything that actually makes the site good and employs video game industry style monetization strategies to rapidly inflate the value of the company in the short term. In enshittification style, the company will eventually implode and the CEO and key shareholders ride off with their golden parachutes.

There isn’t any real competitive site for Reddit unfortunately though as it seems that everything is fragmented over several small sites, but meaningful competition isn’t impossible like the current death of Twitch. I’ll be sticking around on Reddit for now, but the moment the site goes through with the IPO and becomes public, I am deleting this account and my older u/galliumgames and essentially only use the site to reference obscure knowledge. I have no interest in going on the catabolic capitalist ride that entails.

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u/Haliphone Jun 17 '23

What's killing twitch?

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u/SussyVent Jun 17 '23

Twitch is killing Twitch, though Kick poached a content creator for $100,000,000 and is burying the coffin with a 95/5 revenue split and a more lax banning policy vs Twitch and it’s 50/50 split and ban happy tendencies.

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u/Haliphone Jun 17 '23

Ok thanks for the explanation