Spyke

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memes

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This community lately

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idk about OP but I use chrome because in Firefox I have to manually download my web history and send it to Google so they can log it for my security, Chrome streamlines this process and ensures Google has my data even if I mistakenly wonder onto a website they don't have trackers on

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"Progress"

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This title is under a few layers of irony, there are similar pictures floating around of green spaces converted to highways in the US with the same title, OP is suggesting the European version actually is progress

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How is a company like Reddit “not profitable” yet?

At a high level it just comes down to the company not being structured to generate profit -- fundamentally it exists to justify moving money from investors to the owners of reddit. That has worked up until now but in the current economic climate investors are looking for a return and it's exposing how many tech companies have been burning cash because of how easy it was to get with minimal accountability. Any feature reddit adds hasn't actually had to increase revenue, it's had to convince investors that it is going to increase revenue, which is why the few features they've added have basically been clones of features that attracted investors to other platforms (like the video streaming thing)

After nearly two decades of running the company that way it's going to be hard to pivot to actually generating money directly to cover what I imagine are loads of unnecessary expenses and inflated salaries

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Lemmy and Mastodon feel like the real web3.

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replace them with something that doesn’t rely on centralization with lots of capital to stay afloat

There's no conceivable reason that reddit shouldn't be profitable right now with the market saturation they have unless the majority of people who've been making money off of the site up until now have been minimal effort contributors trying to get their piece of the money pie. 99% of the work is done by "unpaid" (by reddit) mods yet somehow they still have 2k people on the payroll and still need to centralize more and more capital to cover the overhead, it's easy to imagine most of their current expenses are going to dumb corporate tech money sinks that are going out of style fast and have little to show for the last decade of spending lol

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Reddit habit is hard to break.

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The key is amassing a large enough audience of people who want something new, not just people who want a 1:1 replacement for reddit. There's no way lemmy will be able to compete in content volume but I think the idea of "non corporate" social media will be attractive to people