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r/place extension going as expected
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this post was submitted on 24 Jul 2023
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The real fuck spez would be a blank canvas. He doesn't care what we write on there as long as he's getting clicks and engagement
Is that why their valuation keeps falling?
I mean I get the idea, but it's not accurate in practice. When your commodity is your community and your community is showing nothing but disrespect towards your plans and authority, you become a very volatile investment.
See: Twit- sorry, X. See X for example.
User engagement doesn't help as much as a literally mutinous userbase hurts.
We can please not bring the "we did it Reddit!" culture to Lemmy?
Reddit is a privately held company. Their valuation is falling because someone at Fidelity arbitrarily said so. Right now, given the current economic trends, almost every consumer tech company is taking a beating (Discord, Substack, etc), so in the larger context Reedit's drop in valuation is expected and smart money is expecting it to rise once the economy becomes hot and more investors have money to risk on consumer companies.
The biggest value of a social media is the influence it has on culture and society as a whole, which is why advertisers want to get in on the action (think of Facebook influencing elections). Engaging on the platform and even constantly talking about the platform is a great sign of it's lasting influence.
So no, spending an hour putting pixels on r/place is not a great way to stick it to Reddit. Constantly talking about Reddit and basically giving it free ad-space and mind share on Lemmy also does not stick it to Reddit. The original poster is correct: best thing is a blank canvas.
And ignore all the click-bait articles about how Reddit is going to fall any day now. They all basically play on your wishful thinking for clicks, they aren't based on reality.
You do realize you're on a sub dedicated to reddit, right? It's hypocritical if you're telling users to not engage yet stay in a sub that talks about the site.
Also, this is wrong. Advertisers do care about the traffic, but they also care about stability and how their brands will be perceived. This is why nsfw reddits don't advertise. Now put yourself in the shoes of an advertiser: there's a lot of traffic on reddit but there's a lot of hate and vitriol, with the threat of users leaving and just a lot of bots propping the communities up. Would you spend money to advertise on such a volatile site when there are literally other, maybe even bigger, sites available to you without all the BS or threats to how your brand/product will be perceived? I mean, you might. But you've probably made tons of better business decisions than that.