this post was submitted on 15 Jun 2023
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what it tells me is that it's finally having a financial impact
Strikes work.
Breaking strikes also works, unfortunately. Look at Air Traffic Controllers with Reagan, or the Pinkertons back in the late 19th century. If there's a way to force compliance, they will. And there is.
Yeah, but it will cost them money that they're not going to earn back.
It will prevent a catastrophic exodus like Digg experienced. Any amount spent it well worth it.
I think they seriously overestimate how many users are going to really remain. Users go where the content is. Users will use 2 applications if the content is in 2 places. Once you get to that point reddit has nothing to offer. This will end badly for them.
I do think you're being a tad optimistic -- many users of subs like /r/memes will probably keep chugging along and accept their reddit overlords indefinitely. But as long as enough power users leave such that the content feels noticably worse, I think reddit will still feel the hurt
Sure, but meme enthusiasts will go where the memes are. They're not all on reddit anymore, and reddit isn't even a good source for spicy content at all. They'll go to reddit, right after they get done checking their pleroma feed or a discord channel. Eventually the engagement on their recycled gold will be so bad they won't even bother anymore.