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founded 2 years ago

Are lots of websites really going downhill and/or closing or does it just seem like it to me? (kbin.social)

submitted 2 years ago by Catch42@kbin.social to c/tech@kbin.social

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Like many people I'm here because of reddit going to shit. Twitter has increasingly been shit. gycat is shutting down in September. To me it seems like lots of bastions of social media are crumpling, but as a previous active reddit user, I've been personally effected. Is this just a frequency illusion or has something changed in the world that has changed the business case of these sites?

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[–] skellener@kbin.social 1 points 2 years ago (1 children)

Unchecked corporate greed and no regards for users or communities that were built on these platforms. Hopefully the centralized ones will die from too many ads and user abandonment and the decentralized ones will rise and thrive.

[–] Pegatron@kbin.social 1 points 2 years ago (1 children)

Exactly this. The money tap has dried up post pandemic and they are seeking new revenue streams while also slashing costs. The hunger for perpetual growth to sate the investor class and their matyroshka nesting yachts is driving these decisions.

[–] Detry@kbin.social 1 points 2 years ago* (last edited 2 years ago)