I would give you a worthless gold award but Lemmy doesn't have those.
this post was submitted on 30 Jun 2023
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I'm still missing a lot of the niche communities that haven't cropped up here yet, but this instance and the USS Hood discord have been a diverting replacement.
The good thing is that the more niche they are, the easier it is to just move somewhere else since you don't have to convive millions of people.
BS comparison. Ferengi have at least some kind of moral compass.
By the 57th Rule of Acquisition, "Good customers are as rare as latinum. Treasure them," Reddit is being a bad Ferengi.
is spez the brunt?
Instead of the FCA, it’s “F Users in the A”
More like Rom.
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Quite an impressive likeness of Spez there
No need to insult Quark, jeez.
I nuked a 15yr and 14yr old account on reddit. Just one more to go and today is the day.
An apt comparison
thx just made the switch today. already netting other positives being off reddit.
Whooooo that is a sexxxxy ferengi!
I mean just look at those lobes 😏
All useless gold!
Someone extracted all the latinum!...
I deleted my final two accounts today. It won't be easy, but it's time for me to move on.
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Like those bars have no lattinum their subreddits will have no posters
no creators = no content = no faces to put ads in front of
edit: the restore feature is neat btw!
I'm sure ChatGPT can keep filling r/AITA threads. At least half of them were made up already anyway.
"AITA for making up legal precedent which got some lawyer in trouble?"
Wait till someone let's catgpt's meow-engine loose on the remains of reddit.
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There is so many situations where big business just wins, I’m so glad to witness a possible situation where the community wins (even if it’s short lived)
To even think people subscribed to reddit premium to help the still private company and it's devs.
Do we have an RES for lemmy?
So far, there are some user-scripts or extensions to customize Lemmy like old.reddit.com or according to your needs. At the moment, I am using Lemmy_monkey. There is a community called "Lemmy Plugins & Userscripts" covering everything you need
Yes
Even if currency were their currency...
https://techcrunch.com/2023/06/30/fidelity-deepens-valuation-cut-for-reddit-and-discord/
[Fidelity Blue Chip Growth Fund] has further slashed the estimated worth of its holding in the social platform Reddit... [it] valued its holdings in Reddit at $15.4 million as of May 31... That’s down 7.36% from the $16.6 million mark at April’s closure and altogether a slide of 45.4% since its investment in August 2021. The updated share value suggests a $5.5 billion valuation for Reddit.
Very interesting. It doesn't seem to be that big of a downturn in the total valuation, but it's continuing several small downward trends for the platform. Close to 10% down isn't breaking the bank, but Investors always just count engagement numbers (for ad monetization). So it's not even factoring in the loss of content and free manpower / creators yet. Those will hurt the bottom line in the long run.
It's close to 50% down in 1 year. That's a huge valuation cut. Wait til they realise they lost many of the power users who were actually giving the website content. It's all downhill from here.
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I’m so happy to be here, everyone is so nice. Here’s to a bright future!
It’s all just (Reddit) gold! Worthless gold!
Turns out one of the users they alienated was Morn. He was their best customer. And his stomach was full of latinum.
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Well, it's been a good run at least.
no kidding. been using this for a few weeks, and seen a noticeable increase in aggressive users the past few days who just scream, harass, and name-call at people they disagree with.
can't wait for the reddit idiots to flood lemmy instances with their hate and stupidity.
This is my second week using kbin, and the magazine RedditMigration, while initially seemed to be a more welcoming place, has started to turn more vindictive towards Reddit. It's a large community with over 10k users...already.
I get it, people are upset, however it's time that people understand that Reddit isn't going to change, and that former users are just going to have to kind of get over it. Cut the losses and build a community over Fediverse. To me it seems fairly simple, but I know a lot of Reddit Refugees have put a lot more time and effort into the site over the years than me.
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