[…] a dearth of profit this late into its existence portends the lack of a real business model, suggesting it’s still not ready for public company life.
Losing $69M last year I don’t see how they turn things around without massive changes. I think they missed the peak of their societal relevance and growth and traded invaluable user goodwill for short term profits. Maybe if they hadn’t consistently supported hate speech, radicalization pipelines, astroturfing campaigns, and so forth, and instead focused on better mod tools they could’ve gained more free mod labor (and now just a few feudal lords), grown faster, leaned their org, gained more relevance and significantly increased advertising revenue. They frittered away time and resources on bullshit the platform didn’t want or need, missing the point that it is about creating a welcoming community not turning the site into a mashup of all the other socials.
I never found any hate speech on Reddit. They were actually slightly liberal politically speaking.
Yeah, me neither. My favorite wholesome subs were /r/the_donald, /r/altright and /r/fatpeoplehate.
For the communities I participated in, I usually hung out in /new, not /rising. There was absolutely hate speech going on: the troll and influencer accounts also hung out in /new, trying to get their comments in early enough to be read by anyone else entering the thread. It’s particularly noticable late at night, when more of the US is asleep and more of Asia / Russia is awake.
Lol ok. Well I saw numerous examples of transphobic, homophobic, antisemitic, anti-black, and other sorts of bigoted comments in default subs. Good for you that you somehow managed to avoid all that ugliness.
Doing the Lord’s work. 🙏🏻
