What were the bad decisions discord is making? Im out of the loop
Because of capitalism, no seriously these decisions are based on money and growth. But both of these things are relatively finite. You can't keep have exponential growth year after year. Eventually you will plateau but there isnt a mechanism in capitalism to accept that. So companies start forcing monetary gain.
Because easy money from a decade of low interest rates is disappearing.
Start making alternatives, open source alternatives.
Public companies are legally required to always do their best to grow year over year. Eventually these companies get so large they can't realistically get more market share so they have to figure out how to make more money from their users. This leads to them squeezing users for cash in the hunt for short term gains because they've already realistically capped out on how much money they can make per year. It's a dumb system that can't work in the long term.
I feel as though the user base is a large part of the problem. I might be wrong but the accessibility of social media that have apps is a lot easier for the younger population who these days are flooding social media. I don't think a lot of people use forums or currently Testflight apps such as Memmy (for Lemmy). The iPhone is the phone for influencers and if Lemmy officially releases an iPhone app the same problems may happen.
Higher interest rates, less vc money, have to actually start being profitable
VC money drying up means enshittification machine slamming the gas
No doubt. Instead of slowly making it shittier bit by bit so that we didn't noticed, they had to go mask off an remind us that we are the product.
Everyone’s a genius in a bull market with a near zero interest rate.
Honestly I think it’s this. All these tech companies finally being pressed to show ROI now that the risk-free rate of return is much higher.
I think also we've become so dependent that they can just do whatever the fuck they want.
I've lived in a bunch of countries and FB messenger is the only way for me to keep in touch. FB can do whatever they want to me because I'm never going to persuade a bunch of people to all move to signal or something.
Reddit has communities that simply don't exist on any other platform.
They have the critical mass.
It's basically the lifecycle of any big corporation.
When the industry is new and there's tons of new users to reach, everyone tries to be the most friendly corporation to build a name for themselves. Positive press and the halo effect helps bring in more people.
Once an industry matures and growth slows, the focus shifts to nickle-and-diming customers to squeeze more profit out of them.
I was going to say that I wish there was a decentralised way of sending messages... And then I remembered text messaging is a thing.
Incredible how quickly these things become embedded in everyday life
Many tech companies were overvalued for a long time. Everyone was happy to invest and pump money into those companies because "those platforms are going to be the future and I want to be part of it when they are starting to make a ton of money". It didn't matter that many of those companies were not profitable because they always promised to make up for that in the future.
This classic idea is starting to break down a bit. Many Tech companies have become profitable in the meantime, but many of them also have various troubles like moderation.
So why are so many media companies making "shitty decisions"? Well, because from a business perspective, they aren't necessarily "shitty decisions", they are kinda smart decisions. Reddit makes money by gathering data and by showing ads. They cannot show ads on apps they don't control. So they have to handle a lot of traffic for which they get nothing back. That's why they are trying to push as many people to use their app as possible. They know that the hardcore oldschool community won't like that, but they are probably pretty sure that enough will switch to the app to make it worthwhile for them.
Meta is fighting to stay relevant as well. Facebook was the foundation of social media for a long time, but in the digital space, this can change very quickly, so they constantly have to try new things.
And if we look at games like the Sims, the game who really escalated the whole DLC thing, it's a similar story. From a consumer perspective, what they are doing is bad. From a business perspective, it's smart. And that's what it ultimately comes down to.
Companies' main goal isn't to satisfy their customers, it's making money. If fucking over customers makes them more money, they do it in a heartbeat.
They've also made a lot of shitty decisions. Reddit decided to invest in NFTs when they had cheap money. That's been about as successful as a lead balloon. That also burned a bunch of user good will in the process. Meta went all in on VR and the Metaverse. They've admitted that's been a bust. This seems more like an A and B with A being cheap money evaporating and B being bad decisions.
I'm reluctant to call the latest Reddit thing enshittification, but it really seems like they're between steps 2 and 3.
On a slightly different note, does any think enshittification will be the word of the year?
They’ve also made a lot of shitty decisions.
That's the thing with tech companies. They are fast to rise, but also fast to fall, so they are always on the lookout for the next big thing. Blockchain tech was supposed to be the next big thing. Crypto currency was at the time already kinda the big thing in the tech industry's eyes. And of course when that happens, everyone wants to be early bird for the next big thing and caution is pushed to the side.
VR and AR are the same. It was and still is supposed to be the next big thing. Another one would be language models and "A.I.". But because all those "new things" tend to be massively over hyped by people who often don't really understand it and just have dollar signs in their eyes, they inevitably support the wrong thing every once in a while.
only now? to me most social media platforms were shitty to begin with, or had become shitty long before.
I feel this is a matter of perspective. The average Joe whose concept of "social media" is Facebook probably has never noticed anything getting any worse. The mainstream users who just want to see funny pics and couldn't care less about 3rd party clients might actually be quicker to side with Reddit than with the protesters.
Twitter has never been attractive to me. Even back when its API was public (ancient history). Not only is their feed noisy and of poor quality, constantly swayed by "trending" stuff I don't care about, it also has always had you depend on a privative and closed source walled guarden. Things were much more open before twitter, when people used blogs to post their stuff instead.
Reddit might have been a bit more open once.. but it stopped being so long ago, this is not a change in behavior. Maybe this is an unpopular thing to say, but I'm actually glad this is happening. I think the API fiasco might be an overall good thing if it helps people get away from Reddit, and if so I hope Reddit does not backtrack.
Reddit, Twitter, etc, have been running at a loss for ages, burning through vulture capitalist money to build up a solid userbase. Now they need to start turning a reliable profit, which means enshittification of the user experience to make more money per user.
And the worst bit it even happens to non free platforms.
Like Spotify pushing a TikTok style interface, and ramming my home screen full of things I don't care about. Like, you've known me for a decade you should know I'm not into drake and podcasts by conservative men.
I don't understand why Reddit doesn't just buy up one of the 3rd-party apps that have the tech that people say is so badly needed. If the 3rd party apps actually make money then just buy one of them and make money with it.
Greed. It's all driven by greed. It's not just social media companies either. My best guess to why it's happening now.. The boomers are aging out and want to take every last bit they can squeeze out before they retire/die.
I wish it was just the boomers. We have a whole new generation of greedy corporate bootlicks on their way up.
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