Sometime this month, Reddit will go public at a valuation of $6.5bn. Select Redditors were offered the chance to buy stock at the initial listing price, which it hasn’t announced yet but is expected to be in the range of $31-34 per share. Regardless of the actual price,
  • Corgana
    7•9 months ago

    Corporate social media may be dying, but that’s only one small part of the Internet.

    • mozz
      3•9 months ago

      Yeah. The unpleasant situation this person is describing is also described by the Dark Forest Internet theory, which also includes more of a plausible solution, as opposed to purely terror and resignation.

      • @flashgnash@lemm.ee
        8•9 months ago

        I don’t think anyone’s ditching mainstream social media en masse though are they? Sure a bunch of us have but let’s be honest 90% of Lemmy/mastodon users are of a very similar demographic and not exactly a huge chunk of the population

        • mozz
          8•9 months ago

          It is ok. I actually prefer the internet as a niche phenomenon. I was on it and I was the only one, and I was cool with that because it had all kinds of nerd stuff. Now it’s all normal people stuff and hostile nonsense and money, and I’d kind of like to just have the unpopular nerd internet back.

          • @flashgnash@lemm.ee
            1•9 months ago

            That wasn’t really my point, I quite like it too but the presence of the nerd net doesn’t mean the mainstream internet stuff goes away

        • Corgana
          5•9 months ago

          You just reminded me of this piece by Danah Boyd

          With MySpace, I was trying to identify the point where I thought the site was going to unravel. When I started seeing the disappearance of emotionally sticky nodes, I reached out to members of the MySpace team to share my concerns and they told me that their numbers looked fine. Active uniques were high, the amount of time people spent on the site was continuing to grow, and new accounts were being created at a rate faster than accounts were being closed. I shook my head; I didn’t think that was enough. A few months later, the site started to unravel.