They’re right. Have you used reddit before and after that? Many decent users just disappeared, at all, and the new users replacing them are not nearly as decent. So in terms of usability and utilitly the website died. It is like titktok. No less no more, but with text posts.
LOL. Keep telling yourself that mate.
This is just supposition. They have the hard data.
TheSeveralJourneysOfReemus@lemmy.world 2 days ago
fizzle@quokk.au 1 day ago
This might shock you but they don’t care about your experience. Everyone made loads of money.
hector@lemmy.today 2 days ago
Figures don’t lie, but liars do figure.
It’s not at all false that the true value in something lies in the true value, and that our clown economy that prizes confidence men and confidence games that value Tesla at a trillion dollars are unsustainable, and will in time come back to intrinsic values.
Having fake users may keep the company looking just as good, but it lessens the value. Interactions with bots doesn’t satisfy most people, and will lessen the value to them, and they will use the site less. Moreover any advartising on the platform will see less payout because more of the accounts being served the ads are fake accounts operating under false pretense.
Just like reddit, they more than make up for users that left with new fake accounts, and they are already overrun with them, but when people are stuck interacting with those fake accounts they will generally use it less, because they aren’t witty, they aren’t insightful, they are spitting out learned answers that only sheep would enjoy fraternizing with. The fake accounts shout down real users, drown out real discussion anyplace that that discussion threatens the entrenched interests that employ those mechanized trolls, not just governments but corpoorations, all of them basically, they have trade groups that farm out contracts, often to AI, Actually Indians, to run the influence operations with the help of regular ai and computer programs because they are low cost and speak english well enough.
While the ivy league hacks running our businesses and government don’t care if they have fake users that run off real users that makes their site less valuable intrinsically, because for now it doesn’t affect their profitability, and they are unable to look beyond their next set of financial statements, it will catch up to them.
They will use their corrupt influence and anti competitive tactics to try and crush any upstarts that are nearing critical mass, so they don’t think they have to cater to the user base at all, that we have no options, no alternatives. Let’s make them wrong about that. Because following their lead is the end of the world.
fizzle@quokk.au 1 day ago
This is exactly what I’m talking about.
After the reddit “collapse” of 2024 their market cap was > $6b following their IPO in November 2024. Right now it’s $28b.
Yes, reddit is a cesspool and the UX has dropped off a cliff.
I’m sure /u/spez is tarrified that some dweeb on lemmy decided “it’s going to catch up with them”.