I disagree that Reddit's R&D spending is a lot. Look at any FAANG/FANGMAN/MAMMA company; their annual R&D spending is significantly higher.
this post was submitted on 28 Feb 2024
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The solution is clearly more NFTs. People really love those.
Anyone else here concerned about what this means for the health of the ecosystem? If reddit was never sustainable and we are well and truly past a phase of consolidation there is potentially a lot of history / info to loose here. The damage has been done already by the funding model. While the return to federation and private hosting is nice, there is a potential "dark" age.
I could see a Wikipedia-style donation model working to keep lots of different servers up. But I can't see it happening for servers hosting exclusively news + memes + whatever random communities people want to add.
I _could _ see it happening for dedicated broad-topic or semi-niche instances (instances for gaming, investing, Linux, music production, etc.) each hosting a collection of related and maybe more niche communities (for CSGO, Bitcoin, Arch, EDM production).
As they become more popular, server hosting costs increase, and at some point they might need to ask for donations to keep afloat. People are willing to throw a little money towards something they enjoy, especially if it's their choice to do so. And they feel good about it. And instances that stay around longer gain more users, more usability, more credibility (assuming a non-toxic community).
I could definitely see it leading down a path of growth and prosperity for the platform. However, now that I typed this out, I could see it both working positively, and being abused and exploited, so 🤷
Can't help but feel like we're getting there already with most sites having the exact same problem. I think Facebook might be the only site that actually makes money due to always prioritising money, everyone else has dominated the market by operating at a loss for the past 2 decades and now suddenly oops we decided we need money.
Don't worry, the IPO will not stop the losses. It will just provide a pool for more bonus payments for the management.
Rest in pieces. Federated pieces.
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