It’s honestly really sad what’s been happening recently. Reddit with the API pricing on 3rd party apps, Discord with the new username change, Twitter with the rate limits, and Twitch with their new advertising rules (although that has been reverted because of backlash). Why does it seem like every company is collectively on a common mission of destroying themselves in the past few months?
I know the common answer is something around the lines of “because companies only care about making money”, but I still don’t get why it seems like all these social media companies have suddenly agreed to screw themselves during pretty much the period of March-June. One that sticks out to me especially is Reddit CEO, Huffman’s comment (u/spez), “We’ll continue to be profit-driven until profits arrive”. Like reading this literally pisses me off on so many levels. I wouldn’t even have to understand the context behind his comment to say, “I am DONE with you, and I am leaving your site”.
Why is it like this? Does everyone feel the same way? I’m not sure if it’s just me but everything seems to be going downhill these days. I really do hope there is a solution out of this mess.
I feel like the VC/investor money that’s kept huge swaths of the internet afloat for the last 20 years is finally starting to run dry. All these huge platforms who have been in “burn mode” since they were founded never figured out how to become profitable earlier on, and are now scrambling to keep themselves sustainable.
It’s hard to feel sorry for them, even in the midst of their downfall. They’ve all had plenty of time to prepare for the day the their corporate sugar daddies leave them, and instead sought short-term profits over long-term sustainability.
I do feel bad for the communities, though. We’ve basically seen the Walmart-ification of the internet, where a few big corporate entities moved into the neighborhood and basically took over the landscape with their presence, effectively strong-arming smaller competition out of existence. So it’ll be good to see more homegrown communities sprout back up in their place again.
Maybe we can see something like this happen with actual Walmarts soon, too. :)