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Reddit Advised to Target at Least $5 Billion Valuation in IPO
(www.bloomberg.com)
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this post was submitted on 29 Jan 2024
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I think you're overselling the importance of this one. When I've talked to friends about federated alternatives, they really aren't interested. Even if they hated Twitter/reddit and think they've gotten worse, they just don't really care about a federated alternative. I've heard some interest in threads, so maybe we count that?
Yeah, people don’t really care about decentralisation nor federation. People want an easy experience where everyone is
If they really understood the phrase 'too many cooks spoil the soup', then they'd realize the advantage of smaller online communities.
Reddit was at its best when it had a low count but engaged userbase, and became actively worse as it grew.
I think this is because trolling and response isn't a 1 to 1 ratio. All it takes is 1 toxic person to make an entire subforum rancid and takes the effort of several mods to mitigate it.
The more people you have, the more chance you will have these trolls organize, the more likely they will either overwhelm or infiltrate the mods.
Yeah I tend to agree. I think all communities have a critical mass and past that point they go downhill.
I was just googling for the rat overpopulation experiment because I think it works as a great example of this and it turns out this whole concept has a term.
https://en.wikipedia.org/wiki/Behavioral_sink
I think a better metaphor is fermentation.
It happens naturally whenever the ingredients are brought together but in order to get a quality product you need ridiculous amounts of knowledge, process, and technology.
And even a tiny bit of the wrong bacteria can ruin an entire batch, but people will still drink it and go blind.
Regular people didn't know or care wtf reddit was for quite a while also and there absolutely is a building friction between people and corporate social media. We're in the early stages for now, but stuff like Activitypub is not going away.
Even my most alternative, vegan, communist friends agree with me when I pitch the fediverse and then flock to capitalist social media like moths anyway. It's disheartening.