The timing of /r/place nullified any possibility evidence of an effect, as a ton of streamer featured this event, creating traffic. I wouldn't be surprised if they got a huge net profit this month.
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This didn't happen quickly with Digg either. This won't be as substantially decimating to the platform as the Digg exodus was, because reddit is WAY bigger than Digg was.
I'd say it took me about 3-4 years to fully migrate away from Digg to reddit, and that process was very similar to today, where there were a ton of platforms gaining steam (even while it was pretty clear that reddit was where the party went).
I think reddit's quality of content will deteriorate over time, and the moderation will suffer. It is going to die a death of 1000 paper cuts. The API change was just reddit saying "Hey, come stab us with your paper knives!"
idk. Reddit in 15 years will probably look a lot like newspapers do today. Kind of a joke, but somehow still standing.
The whole obcession with Reddit is getting a little too much and continuing it is maybe a bit immature.
I mean, I get it: I've left a couple of jobs during my career (now spanning over 2 decades) because they did some pretty asshole things and I had a choice to move to better pastures, yet after leaving I still had a strong want for them to somehow be screwed for being assholes, kept wanting to know how things were back there and would've been happy if I found out they did go somehow screwed.
So it is understandable, IMHO.
However there comes a point when you gotta mentally go "I'm in a better situation now and they don't matter to it, so there's no point in wasting any energy on them" and stop looking back.
Sure, feel free to tell others about Lemmy (for said others rather than because of Reddit), but stop wondering about Reddit.
PS: I wrote "immature" because as I grew older it just became easier to turn another leaf and getting over the "old place", so I reckon it's maturity, but maybe it's just me.
The reason it matters what's happening with reddit is the network effect. Social media is a natural monopoly, and it seems to me that in general there is only one major platform for each type of content at any given time. Recently sites like reddit for link aggregation, facebook for I guess interpersonal groups, and twitter for microblogging have been those major platforms.
They are taking huge hits lately, and if users migrate to the fediverse in enough volume, then they can be displaced permanently. Prople shifted from digg to reddit in a similar scandal years ago.
Now, whether the fediverse will reach that critical mass remains to be seen, but I hope it does because it represents a more open and stable alternative that fundamentally can't be toppled by a single bad actor, unlike literally every centralised corporate platform out there. It has the potential to become an actual public town square like the internet seemed to promise decades ago. It might actually be in a position to topple the corporate monopolisation of our information ecosystem, and that's a huge deal.
And the capacity for federation between the different types of social media offers the possibility that once the fediverse gets big enough it can extend that network effect across the different types and displace all corporate social media. Like at the moment peertube isn't huge partly because the server costs to grow to rival youtube are enormous. But if the fediverse becomes big enough, who knows? Maybe it will be in a position to take over as the main video sharing platform on the internet. We could say goodbye to all the youtube drama that impacts video creators today.
So that's why it matters. Reddit isn't just a bad boss or an ex, they are a mafia controlling a large piece of territory, and whether we can push them out impacts our network and a lot more besides.
It would be really cool if all us ex-redditers sued Reddit and Google for "unjust enrichment" which is a cause of action in most states. They're are currently taking OUR comments and selling them, meanwhile paywalling the platform. If each of us went to the county clerk and sued them for whatever is the maximum for small claims court, it could be thousands of petty little lawsuits that would cost them a fortune in lawyers. Or end up being a class action suit that could put them out of business. If they ignore the suit, they lose. When you file the suit, you file a discovery asking reddit and google to provide all your comments properly identified by date, etc,; And also for copies of their contract and to identify and produce any other party and contract that they may have sold your comments to. That alone is a huge pain in the butt for them. You have to prove that you contributed to reddit, that they sold your comments and earned money. I can't do this as a nomad, but it would be cool. Could be a good exercise for a young lawyer here.
Seen instance wars, admin egos, random censorship and many other fediverse issue.
Not looking forward to ir anymore to be honest.
Steve Huffman has helped me cut down on my time on social media, and even screentime in general. Because I left the platform that I used so much because of one stupid decision he made.
I can now start my sand grain collection thanks to him.
I got a lot of people from the r/place Fuck Spez movement to switch over. I also got really enlightening advice from one of our supporters. They told me that people will come over once we become easy to use and well established, which we're nearing but not there yet.
With all the third party apps we have gotten like Liftoff and Voyager, things have been a lot more accessible. However, we still have lots of work to do.
Until we become easy enough to use that you feel comfortable telling your family members to sign up and they use it without assistance, we will primarily be a community of tech savvy individuals.
Im working on a case study for a publishing firm about the whole API announcement and subsequent fallout so I've been watching all this really closely. The thing I'm most anxious for is the data on web traffic to reddit and it's competitors, which I can only get on a monthly basis. It dropped a lot from May to June, which you could attribute to the protest or even the summer. However, Discords traffic increased during that time, and it was the only major social platform to change in either direction. I'm hoping to get some clarity once July data comes out but I don't think we well know for sure about long term impact for a while. Reddit I'm sure knows more but definitely won't share it publicly unless necessary, like if they do go public, but I'm not sure that kind of data would be included in a filing.
(I tracked traffic on similarweb and Semrush. Lemmy is on there too, but is tracked per server, and most were tracked starting in may or June so data is pretty limited and can't really be compared.)