Twitter, Reddit and Discord are simultaneously going to shit - because enshittification is what happens when suddenly money isn’t free any more and borrowing carries an interest rate
The fediverse is not very well connected suburbs, good for what it is but doesn’t do the same job
bsky is gonna do its own fediverse (with beer and shitcoins) and it’s fun right now as a single instance with good users, but the staff are the sort of barely-crypto-reactionary free speech warriors who will never block the nazi instances
[youth pastor voice] you know, there’s someone else who talked about the tendency of the rate of profit to fall
EDIT: to clarify: Discord is ticking along for now, but they hired some ex-Facebook execs, employees are in revolt and the org is hollowing out. hence (a) bad decisions (b) glitching https://archive.is/fI3hq
Isn’t that the standard way these types of businesses operate? Find a user base. Invest and grow, grow grow. Then figure out how to monetize it later. That is why so many massive platforms can run without profit for years. The value of the company is estimated based on the size of the platform and monetization is assumed somewhere down the road.
We simply might be hitting that point down the road where the companies want to make up the revenue.