Sometime this month, Reddit will go public at a valuation of $6.5bn. Select Redditors were offered the chance to buy stock at the initial listing price, which it hasn’t announced yet but is expected to be in the range of $31-34 per share. Regardless of the actual price,
Corporate social media may be dying, but that’s only one small part of the Internet.
Yeah. The unpleasant situation this person is describing is also described by the Dark Forest Internet theory, which also includes more of a plausible solution, as opposed to purely terror and resignation.
I don’t think anyone’s ditching mainstream social media en masse though are they? Sure a bunch of us have but let’s be honest 90% of Lemmy/mastodon users are of a very similar demographic and not exactly a huge chunk of the population
It is ok. I actually prefer the internet as a niche phenomenon. I was on it and I was the only one, and I was cool with that because it had all kinds of nerd stuff. Now it’s all normal people stuff and hostile nonsense and money, and I’d kind of like to just have the unpopular nerd internet back.