Depending on volunteers is not sustainable, given the regulatory scrutiny that the company will now face, said Julian Klymochko, CEO of alternative investment solutions firm Accelerate Financial Technologies.

“It’s like relying on unpaid labor when the company has nearly a billion dollars in revenue,” he added. Reddit reported revenue of $804 million in 2023, according to an earlier filing.

  • schnurrito@discuss.tchncs.de
    link
    fedilink
    arrow-up
    19
    ·
    8 months ago

    Remember when reddit was a free speech platform where pretty much everything legal was ok except doxing?

    What went wrong that we can’t have places like that on the Internet anymore?

    • eleitl@lemmy.ml
      link
      fedilink
      arrow-up
      21
      ·
      8 months ago

      We’re kinda using it right now. Strange how all the good things that persist are community efforts, huh? Makes you really think.

      • Randomgal@lemmy.ca
        link
        fedilink
        arrow-up
        1
        ·
        8 months ago

        Are we though? Every other day you have someone asking to defederate or block instances. In a way everyone is free to talk, but there’s still people controlling who listens to what.

        • urist@lemmy.blahaj.zone
          link
          fedilink
          arrow-up
          5
          ·
          8 months ago

          You are always free to host your own lemmy instance. Then you can choose to federate with whoever you want.

          If I hosted an instance, I wouldn’t want to host hate speech or weird porn, and it would also be my right to not do so.

          I also wouldn’t want to bother moderating a lemmy instance for people I didn’t know, and having to hear their demands for what they want to see/not see. That’s just me, personally and I’m glad there are people out there doing the work for me.

          What I’m saying is, if you’re going to interact with a platform with possibly millions of users there’s going to be ground rules, and those take time to agree on. Lemmy is unique in that you can move to an instance that fits you better. I don’t think social media should be monetized, but we can’t ignore they take time and money to run. You have to compromise on somethings sometimes.

          Or you can just run your own.

          • Randomgal@lemmy.ca
            link
            fedilink
            arrow-up
            1
            ·
            8 months ago

            I agree with you. That was my point, there are always compromises if a group of people is involved. In opposition to the comment implying that Lemmy is absolutely free of control. It’s just a different form of control.

            • urist@lemmy.blahaj.zone
              link
              fedilink
              arrow-up
              1
              ·
              edit-2
              8 months ago

              Hmm, I’m not sure how your opinion differs from /u/[email protected] then, that’s more or less what they were saying, no? They never stated they thought lemmy was completely free from control, the contrary in fact: community effort

    • Mastengwe@lemm.ee
      link
      fedilink
      arrow-up
      17
      ·
      8 months ago

      Places like r/jailbait and r/fatpeoplehate existed under the guise of free speech.

      • Alice@beehaw.org
        link
        fedilink
        arrow-up
        6
        ·
        8 months ago

        Man, sometimes I forget how awful that site could actually be. I just miss the crafting subreddits.

        • Megaman_EXE@beehaw.org
          link
          fedilink
          arrow-up
          2
          ·
          edit-2
          8 months ago

          Those kinds of subs were the best. I liked when they weren’t too big, but just big enough to have a steady feed of topics. It felt like a tight knit club

    • bluGill@kbin.social
      link
      fedilink
      arrow-up
      11
      ·
      8 months ago

      Abuse. I don’t agreewithfree speach in all things. I doupt anyone does. I don’t want to see constant (to the point of only) ads for vbucks. I don’t want threats to my person. There are a few other things like that, that I think we all agree on., I then have a personal list of things like porn or swearing that iidon’t want to see but some of you do. Where to draw theelineethus isn’t clear but there is one.