this post was submitted on 08 Aug 2024
947 points (98.9% liked)
A Boring Dystopia
9748 readers
263 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Fyi Reddit is one of the few recent tech IPOs that increased in value
I hope that won't last for long. I made a joke that Reddit was circling the drain with how hateful and political every subreddit was becoming and then they permanently banned all of my accounts. 10 years on reddit, 10 years of putting effort into my posts and comments with over 250k total karma and I was banned for a half serious joke. My appeal was instantly denied as well. It was unreal. After the API changes that was the final straw for me. Fuck Reddit. I was joking before but now I really am hoping that the company sinks.
Could it be because the owners are milking it until it's dead?
I don't think the "investment" in Reddit is the usual "invest in company because it will make money directly", but "use wall st money to give stronger incentives about controlling the narrative than ad revenue was previously able to give".
I bet employees have to agree to a hefty NDA to remain employed there. I hope someone breaks that NDA at some point.