gillrmn@kbin.socialtoReddit Migration@kbin.social•Fidelity has cut Reddit valuation to $5.5B from $10B
10·
1 year agoI doubt it is related to migration. It is too soon to have any data on that affect and by numbers it is not much of affect either. The only cost factor of migration that can be done before next quarter release would be increased costs in future dur to moderation, but even that would be very subjective. This is probably due to increased interest rate scenario as feds have said they will bring inflation to 2% so there will be more increase. Hence lowering of cost and spend by companies on advertising and marketing.
Most of the old internet platforms which failed were bought by corporations - sometimes to do just that, to shut it off.
Livejournal was bought by Russia to stop any dissent. Similarly twitter was bought to kill activism which for ultra rich was becoming an issue as it was undoing their lobbying. (forget all the drama over it, thats a smoke screen to hide real issue)
In the end, only when we leave gluttony and greed behind, and understand the full game - can we have a fair internet. Otherwise there are powerful people with power and money behind them who would like to keep controlling you for their benefit.