If you ever needed a sign to stop using reddit, this is it.

  • Boozilla@lemmy.world
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    22 days ago

    I speculate it’s mostly Ouroboros style funding and phony metrics. Bots selling “engagement” to other bots is pretty profitable, I guess. At least for now. The only person I know who still openly uses reddit is an obnoxious drunk white woman in her 60s.

    • Fandangalo@lemmy.world
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      22 days ago

      I wish more people converted over, but the user experience for the fediverse is very strange for many people, tech inclined folks I know included.

          • Boozilla@lemmy.world
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            22 days ago

            Fair, but I did try for a while. Lemmy has a lot of “snipers” who don’t contribute anything more than condescending AKSHUALLY “corrections” or pure snark. You go into their history and that is 90% of what you see. I have blocked several. I think it’s leftover baggage and trauma from reddit. (I don’t consider your meme reply to be a snipe, hopefully that was not implied.)

        • The Velour Fog @lemmy.world
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          21 days ago

          I’d love to create a few niche places like the ones I enjoyed on reddit but when it comes to creating a community on Lemmy, the barrier to entry is steep for me. From what I understand I need an always-on storage medium to host and I don’t really have a spare device that I can reliably keep on 24/7 to host a community on here. I wish it were easier but that’s the nature of the beast I spose.

        • Fandangalo@lemmy.world
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          21 days ago

          Probably a range of things. Like the fediverse is growing, but look at bluesky’s success. They forgo the real benefit of the structure, but people get a “just make a login” experience.

          The kids are probably on something I don’t even know.

          • VinnyDaCat@lemmy.world
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            21 days ago

            I thought about making a bluesky account, but it doesn’t entirely feel all that safe when conservatives are freely posting their misinformation over there too without any pushback.

          • fonix232@fedia.io
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            21 days ago

            Blueksy is not comparable to Reddit though… not in structure, approach, or (initial) ideology.

      • fonix232@fedia.io
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        21 days ago

        When you say experience, do you mean the general UX (i.e. how the apps/sites work), or the communities (or lack thereof)?

      • Meatwagon@lemmy.dbzer0.com
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        21 days ago

        Okay so im new here and I can’t figure out how to view all communities in one spot on desktop. I can on mobile through the apps. Like reddit’s /r/popular

  • Ex Nummis@lemmy.world
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    22 days ago

    There is no justice. Aaron Schwarz is six feet underground while this pestilent boil of a man becomes a billionaire on the back of his achievements.

  • DeICEAmerica@lemmy.world
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    21 days ago

    I get banned from that platform a couple of times a day when over 5 years ago my million karma original account got banned for “threatening violence” Any talk of organizing and rising up will get you the permaban stick. He is yet another complicit billionaire hell bent on killing the American work force and our democracy. He, too, will wear a blindfold when his sentence is read aloud.

    • surph_ninja@lemmy.world
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      21 days ago

      I got a permaban just for saying I didn’t care that Trump said Liz Cheney should be shot, because she’s called for the deaths of millions as a warmonger. Didn’t encourage anything. Just said I didn’t care.

  • taiyang@lemmy.world
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    21 days ago

    I’d take it with a big grain of salt — it’s Forbes, they lube up people with money with pretty weak arguments. He is a billionaire, but mostly through overvaluation of the company he’s ultimately gutting for profit. (Although if it died, he is still rich, unfortunately, just not a billionaire).

    Some of the arguments being made in the article though, like it being an “authentic place” and having more traffic is a little misleading. For AI, we already know 50% of the Internet is AI made now, in a remarkably short amount of time and a hefty amount of that is going to be on Reddit. If the 90% by 2026 prediction holds true, he’s basically an owner of a gold mine that’s already tapped out. Users won’t necessarily catch on, but they will be drowned out as a source of LLM data.

    Admittedly, the traffic increase isn’t all bots but to classify it as organic is misleading too- iirc, they have a deal with Google to push reddit in exchange for Gemini training. Even unrelated searches are propping up Reddit as the first result; it’s like using SEO cheats. As with the poisoning of his data with artificial data, that deal may not last (and if the AI bubble bursts, that’s certainly gone).

    Frankly, we need the bubble to burst but we also need heavy regulation on these industries. I’m not too hopeful of the latter and the former isn’t going to be pretty— it’s not like the .com bubble made the 90s a better era, for instance.

  • TronBronson@lemmy.world
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    21 days ago

    Yea I mean he sold the whole site out to right wing propaganda peoples, that had to be worth a few billion

  • TankovayaDiviziya@lemmy.world
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    21 days ago

    According to the latest quarterly earnings, there has been increase in user engagement. However, I also read somewhere that 15% of engagements are from bots. My suspicion is that, in spite of the tiny minuscule amount of fake users posing as genuine, these bots create inflammatory comments to trigger and drive real users into responding more and thereby inflate user engagement and algorithms. These small amount of bots create a snowball effect of increasing user participation. So, in essence, the level of user engagement is fake and inflated.

    Spez knows what he’s doing. He is talking to the tech bros to get ideas on how to amass power and now he’s one of them billionaires.

    • Benaaasaaas@group.lt
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      21 days ago

      I really doubt it’s only 15% anymore, the internet is dead and social networks are leading the charge in that.

      • Tollana1234567@lemmy.today
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        21 days ago

        its 50% last i read an article a few years ago , reddit omitting the truth. plus with AI posting i thinkts more now.

  • GreenKnight23@lemmy.world
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    21 days ago

    it’s all false growth. it’s the same reason why the economy is tanking yet the exchange is “strong”.

    bubble economics.

    • Tollana1234567@lemmy.today
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      21 days ago

      AI, is largely an excuse by companies to deflect attention away form the layoffs, they are personally doing. because so much industries are now tied to AI, when it burst a shit ton of jobs will be lost outside of tech.