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,
  • ᴇᴍᴘᴇʀᴏʀ 帝AEnglish
    4•2 months ago

    Unlike the author, I don’t think that the internet is dying, but instead entering a new phase that resembles in some aspects the old internet: search has become unreliable and those mega-platforms enshittify themselves to death, so people shift to smaller (often non-commercial) platforms and find new content to follow by the hyperlinks provided by other people. It’s a lot like the internet before Google Search.

    It is definitely feeling like this is a trend, we are moving back to more curated ways of sharing information.

    The Fediverse feels like a return to the old, open Web before it was captured by Big Tech, just with new bells and whistles attached. With all the enshittification, it seems like it is well-placed to be the solution to the problem. It’s not there yet but it’s a start.

    • Lvxferre
      5•2 months ago

      Let’s hope that the new bells and whistles* increase its resilience enough against Big Tech control over the internet. Otherwise we’ll get into a cyclical situation.

      *namely, federation and other anti-centralisation aspects of design.

      • @supersquirrel@sopuli.xyz
        2•2 months ago

        The aspect that makes the fediverse and in particular reddit-likes uniquely adapted to growing in this harsh corporate hellscape has everything in my opinion to do with the critical early seed phase of communities.

        When you make a website with its own forum, you have huge friction to overcome with the network effect… but if you are plugging into a federated network than all of a sudden being a tiny community on lemmy with 2 or 3 people becomes an invitation to users passing by who already have an account to start a conversation and create that spark that will grow (slowly) into a real community.

        Consider the minimum viable population of users in a community, how many people does there need to be in a room before that warm feeling of a gathering sets in with comfortable conversation naturally occurring? For federated lemmy communities (and similar Reddit-likes) federation effectively lowers that number by a significant amount since it puts doors everywhere that people can spontaneously wander through and contribute small amounts to help kindle a spark and get the community going.

        This changes the paradigm of “social media platform metabolism” if you will, it facilitates much more organic early growth in communities.

        • Lvxferre
          1•2 months ago

          Yup - federated communities grow specially well in a corporate landscape. However my concern is if they’re able to stay dominant enough to prevent a cycle like:

          1. Corporate landscape.
          2. You got a few federated alternatives growing.
          3. Federations grow enough to become the main landscape.
          4. Corporations do something [I do not know what] better than federations.
          5. Corporates grow to the point of dwarfing the federations, into a corporate landscape.

          For example, it’s possible for me that corporations are specially able to exploit a federated landscape through EEE. I’m just conjecturing though.