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this post was submitted on 15 Jun 2023
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Technology
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This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
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This is why the fediverse is so great. It really is really expensive to run a social media company. By spreading the cost over many actors and encouraging competition, this allows us to host content without being beholden to billionares.
*Chinese billionaires
I think he's referring to how Reddit used to operate on Tencent funding.
Tencent is partially owned by the Chinese government.