| That is the day I will quit reddit and never look back. 6 months ago I rarely used old.reddit.com, but now I run into more and more dark patterns all the time. They tried to TikTok my feed and it was an awful experience. I frequently default to it now instead of using it only when I get sick of the dark patterns. Reddit got popular because Digg screwed up their comment threading. It's sad to see reddit is starting to make anti-user mistakes like digg. Maybe they think they can force it because there isn't a competent competitor. The problem with all of these sites is they start to service the lowest common denominator in the name of next quarters profits. As their websites become more hostile to the educated, the quality of content drops and profit goes up, but the golden goose is slowly being strangled. Reddit was fantastic around the time of digg because the average user appeared to be college educated or greater. Celebrities like Randall Monroe were submitting high quality content. It was common for a literal expert to write a well thought out post. Now it's an "Americas funniest home videos" feed of fart jokes with your liberal aunt and conservative uncle having an argument in the background. It seems so clear to me that billionaires mean we can't have nice things. Twitter and Reddit both promoted a "truth to power" free speech ideology, and now billionaires are coercing these companies into becoming cess pits that reflect the worst parts of humanity. Power doesn't like to be threatened so they will destroy the weapon. I still can't decide if these companies are being destroyed because they promote a "no more billionaires" ideology, or if it is simply capitalistic greed and the search for next quarters profits. |
The pressure to increase quarterly profits to the detriment of the long-term emerges from the very nature of short-term investment, particularly as facilitated by stock exchanges. Eliminating billionaires would not eliminate this dynamic.