this post was submitted on 09 Jun 2023
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Technology
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The worse thing is that he's not even milking money for sheer greed, but because apparently they are still hemorrhaging money, mostly due to lack of a clear product direction (it's not like they actually have much to show for all the money they are spending).
They wasted money and resources developing things that not only they don't need, but also unreasonably increased costs, like hosting images and videos, without a strategy to pay for it. Meanwhile all features that would actually benefit the users were left to the 3rd parties that they are now sabotaging.
Yep. Instead of developing things the site actually needs, like accessibility features for low vision/blind users, better mod tools for mobile, a better mobile app in general that isn't horrible and a million other things, they spent all their money and time developing stuff like NFTs (of course), a video player that is barely even usable just to try and look like TikTok, shiny awards and animations to shill out, etc etc.