Sometime this month, Reddit will go public at a valuation of $6.5bn. Select Redditors were offered the chance to buy stock at the initial listing price, which it hasn’t announced yet but is expected to be in the range of $31-34 per share. Regardless of the actual price,
  • ᴇᴍᴘᴇʀᴏʀ 帝@feddit.ukEnglish
    1·
    7 months ago

    Unlike the author, I don’t think that the internet is dying, but instead entering a new phase that resembles in some aspects the old internet: search has become unreliable and those mega-platforms enshittify themselves to death, so people shift to smaller (often non-commercial) platforms and find new content to follow by the hyperlinks provided by other people. It’s a lot like the internet before Google Search.

    It is definitely feeling like this is a trend, we are moving back to more curated ways of sharing information.

    The Fediverse feels like a return to the old, open Web before it was captured by Big Tech, just with new bells and whistles attached. With all the enshittification, it seems like it is well-placed to be the solution to the problem. It’s not there yet but it’s a start.

    • Lvxferre@mander.xyz
      2·
      7 months ago

      Let’s hope that the new bells and whistles* increase its resilience enough against Big Tech control over the internet. Otherwise we’ll get into a cyclical situation.

      *namely, federation and other anti-centralisation aspects of design.