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this post was submitted on 15 Jun 2023
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Technology
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Interesting point about the future of Reddit in that article:
The long-term goal is monetization of subreddits. I'm glad I won't be there to see that happen.
The only lol ng term goal of most CEO is money in their pocket. But some are to dumb, since they often just fall upwards their whole life, so they run their company into the ground.
I think this is where the Fediverse can shine. If a Corp wants to join and host their own stuff, they can, and it will be really clear. Decentralization means that instead of a single broker of the information we can have a range from altruistic to straight up monetization exist side by side. But why some Corp would pay for a subreddit is crazy...I mean, what is the value prop? Companies would have to pay for the subreddit and then moderate it too?
At least when they were paying for bots and shills there was a modicum of plausible deniability.