• infotainment@lemmy.world
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        1 year ago

        Exactly – this is almost certainly bad for Reddit’s business at this point. The problem here isn’t necessarily capitalism so much as it is a egocentric CEO gone mad with power.

        • applejacks@lemmy.world
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          1 year ago

          Yea, I am not a capitalism enjoyer, but it’s comical watching people insert their favorite pet politics as the sole reason for everything that’s happening.

        • SpaceToast@mander.xyz
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          1 year ago

          I don’t even think it’s a bad business decision.

          Most people didn’t use 3rd party apps to begin with. I’d guess about 75% of the vocal minority who protested, will continue to use Reddit.

          And a very small % of people will quit Reddit in favor of Lemmy.

      • duncesplayed@lemmy.one
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        1 year ago

        I don’t think “greed” is quite the right word. “Greed” would be the right word if they were trying to make themselves more profitable. But they’re not: they’re trying to make themselves profitable at all. That’s not about greed, but about surviving. You can’t survive unless you stop hemorrhaging money at some point.

        Maybe the question is “Why do investors invest so many hundred of billions of dollars into companies that cannot be profitable without becoming super-shitty? And why do users join them knowing that they’re going to become super-shitty one day?”

      • epicspongee [they/them or he/him]@midwest.social
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        1 year ago

        To expand on this, it’s not just capitalism - it’s greed.

        No it’s just capitalism lol. Every company has to continue reaping in profits for capitalists or else it dies. This is just Reddit’s way of doing that.