He lives in a bubble and he's certain that following Musk's example will make him richer. But what he fails to understand is that, while reddit is massive and people are addicted to or reliant on it, if it stops producing high-quality content, it's going to eventually be replaced by something else. Hopefully, by the fediverse.

He's been quoted saying it was a mistake to only get $15 mil when they sold reddit the first time. I bet he has a ton of stock options tied up in this and just wanted to cash out as much as he could now and be done. His greed (and mouth) probably got the better of him and it'll end up costing him. He'll still get richer from the IPO, reddit will be around for years and is valuable to advertisers, but he had a shot at being a billionaire if he played his cards right, that's pretty unlikely now.

Twitter and Reddit have really thrown the idea that the "elite" are somehow smarter or more competent into disrepute. They are literally just ideologues.

Are we in leopardsatemyface??

How could anyone have known this?

I posit that it is, in part, because of Reddit's self-selected role as "the front page of the internet". Journalists and bloggers have a vested interest in what happens to reddit, and the drama surrounding third-party apps, as it likely drives a not-insignificant portion of their own traffic. I've seen articles from all sides of the political spectrum lambasting Huffman's fuck-ups, as (on the negative side) the planned changes likely reduce the amount of click-throughs they might expect to their content, and/or (on the positive side) the drama drives click-throughs to their articles from impassioned redditors, would-be social media developers, and anyone with an interest in the history/sociology/economy of the social web.

I hadn't heard of that rule before, that's an interesting idea! It would be cool to find out if the generation of new posts and comments has declined at a greater rate than the number of views.

I definitely agree with you! It's neat to have alternatives available. So far I feel that comments are higher quality here. So even if reddit goes on, I can enjoy the interaction here.

And it does seem that Lemmy/Kbin are growing by leaps and bounds even day over day. I don't need to go back as this place is viable.

Well although i would have liked a bigger hit for reddit and a lot of people leaving and joining alternatives, for me the win has been me switching to Lemmy as well as other people that are the types of people that made me enjoy reddit.

Tbh i didn't use reddit much in the last 3-4 years because of stipid SJW and woke dumb fucks that crowded the space bringing up useless conversations in the frontpage.

But also in niche communities there was a lot of duplicated threads of the same questions/threads because nobody wanted to google first before posting.

I had time to post comments on lemmy like 3 times, and all the times I got to interact with people that seemed really engaged and friendly, that reminded me of my first introduction to Reddit 8 years ago.

I just need more time to contribute and enjoy it here, and kinda like that assholes are stuck on reddit.

I also need to find some good places for torrents around here xD

Yep, some point in last few years I went from looking forward to orange envelope to show someone had engaged with my comment to "now what have I said wrong" to outright ignore my.inbox and just shout into the wind like a crazy old man