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?

  • Maxcoffee@kbin.social
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    1 year ago

    With interest rates going up it’s costing more and more to have borrowed money sitting in the likes of Reddit hoping for a nice payday one day.

    • kutch@kbin.social
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      1 year ago

      This is really the biggest part. There isn’t room for the future right now, gains need to be realized to pay other investments and if not portfolios leaned out.