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Reddit invites mods to “feedback” conversations with the admins
(www.theverge.com)
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this post was submitted on 19 Jul 2023
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.
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The irony is that while Reddit tried to commercialise what it's users perceive (whether accurately or not) as a community. It's like your local picnic spot or doggy park that you've been going to for years all of a sudden started charging an entry fee. That alienates consumers.
The unfortunate truth is that Reddit could have ended up being a very profitable respected business had the leadership decided to monetise it's venture in a different model.
Ultimately consumers have had their fill with the perceived corporate greed culture and in this author's view is the main drive away from Reddit by early adopters to other platforms such as this one.
Time will tell if the middle majority will follow in time.
That's a great analogy, specially if the hypothetical doggy park (or picnic spot) had multiple kiosks selling stuff - so the park owners already had some profit. As soon as the fee pops up, the owners do get a bit more short-term profit... but then people stop visiting the park, and that reduces the associated profit from both the fee and the kiosks, making the park even less profitable in the long run. And the alienated customers might not come back, even if the park owners realise the mistake and get rid of the fee.
My bet is that they'll leave. Not due to the alienation, but because the content there will become trash. They'll simply disengage, and their disengagement will snowball into more disengagement.
This is exactly what happens most of the time. Check out the short Twitter thread on the thermocline of trust.
This is a better link to explain that concept: https://every.to/p/breaching-the-trust-thermocline-is-the-biggest-hidden-risk-in-business