489
“Reddit cannot survive without its moderators. It cannot.” - The Verge
(www.theverge.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 29 Jun 2023
489 points (97.3% liked)
Technology
58144 readers
3855 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
Too big to fail doesn't mean it's too big to decline.
I don't think reddit is going anywhere as a company and a platform, for a while at least. But that doesn't mean it can't lose a good share of it's users to competitors.
I don't think the comparison with Facebook is a valid one though. Primarily because Facebook is a "true" social media platform. You have your friends and family on it which creates a very strong network effect.
Reddit on the other hand is primarily a content aggregation platform. I don't need to convince my friends and family to switch from it.
Additionally, Facebook is a lot more successful than Reddit financially. They make disproportionately more money per user due to having very targeted advertising. They own other platforms like Instagram and whatsapp. Unlike reddit, Facebook doesn't need to concern itself with having financial troubles.
A better comparison would be tumbler, which was quite big and while it still exists, it's a shell of its former self.