As SN users, we're probably a bit biased. I felt like Reddit was past its prime. However, just now, visiting to old subs i used to go, seems like they are still going strong. Seemingly unaffected by the recent mod strikes. What do you think? Is this just an opportunity for early investors to cash in?
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I just paid you for providing the non-paywalled link. Ironic haha
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I should do this full time. 110 sats/30 sec of work. 13200 sats/hour. I'll be rich in future btc value.
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I just tipped you.
My hourly wage just dropped dramatically~~
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SN is acting like the government in this scenario, taking their fee (tax) on each transaction as we send each other 100 sats back and forth 😮
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@k00b has been in cahoots with the government since the beginning, i knew it!
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There there, @k00b just gave us a 100 sats welfare subsidy. He truly learned from the best.
Their advertising product and mobile app are so far behind it's unreal. Literally a decade behind their peers (Facebook, Twitter...).
They're now running to catch up with 2013 experiences as the entire social game has changed around them. Reddit isn't a hub for creator economy like TikTok, not a destination for shopping brands like Insta, doesn't have the graph data of Facebook, doesn't have the product creativity of Snap.
Now you could argue all of those things are basically garbage, but they're profitable garbage for a public company to be a viable investment.
What they do have which is valuable is a huge amount of what made specialist subject magazines valuable in the past. But they're not found a way to make that a money spinner - as useful as it can be for users.
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I think they just sold some of their data for machine learning purposes...
I like your analysis.
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Reddit still dominates a certain type of social media and has a strong network effect. On the other hand, I think it lost a bit of it's essence. Nowadays, I feel a bigger pull from independent communities such as StackerNews and others.
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Let's hope so. But as SN grows it'll probably loose some of the current niche appeal too.
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I think it’s still going, but I see a lot of the same videos, memes, picture posted over and over. and now like, “that was posted a few years ago”, but more like “that was posted like last week”. I think there are some subs that still have real people posting real thought, but the fun, big subreddits definitely feel like mechanical.
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Yah i never was into the big ones. More like r/korean etc where people actually go to learn Korean.
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investing in reddit, yikes
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Agreed, it jumped the shark for sure...
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