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That title is a bit misleading. Reddit mods might have stopped protesting, but the news of the implosion was quite significant. The existence of Lemmy is a testament to this. I don’t think their IPO is going to be as strong as they had hoped. That financial impact is quite opposite of the victory they claim to have achieved.
Also, the posts on Reddit and the responses have declined in quality in my opinion.
the post quality sincerely feels reminiscent of when I started using reddit a decade ago, might as well be posting rage comics again. so much vile shit is making it to the front page too.
glad I finally got the kick I needed to jump ship, i'm really enjoying what I've seen on lemmy and hexbear
Ah, if that was what you're after, it's too bad you missed the wave of old memes that happened on [email protected].
oh no, I appreciate the ironic 'wow look at this cringe old posts', I couldn't hack reliving 2013
So what you’re saying is spez will be richer than 80% of people instead of 90%
Actually he will be richer than way more than 90% either way
To be richer than 90% of people you need to have a net worth of $90,000 USD.
Damn. I've got more than that and I sure as hell don't feel like a ten percenter.
Worldwide. So you’re competing with people sewing shoes at 1$ per hour.
That's too high. People are employed for like $4/day basis in some places.
That makes a whole lot more sense.
That can't possibly be true. I'm not saying you're lying, just... holy shit I though it'd be way more than that. This is for US citizens?
The number was $1,212,000 to be in the 90th percentile in the US in 2017 according to https://www.census.gov/content/dam/Census/library/publications/2020/demo/p70br-170.pdf
But worldwide, it was indeed about $93,000. https://www.cnbc.com/2018/11/07/how-much-money-you-need-to-be-in-the-richest-10-percent-worldwide.html
This is for all people, worldwide. North America is very rich, relatively speaking.
I've read this before and continue to remain stunned since the cost of living is so ridiculously high in so many American cities.
I mean, wouldn’t be too out-there. How many Americans are living paycheck to paycheck with some sort of massive debt? How many can’t afford to have any assets? How many more accrue even greater debt to either survive, or drop money they don’t have on shit they don’t need (like that latest BMW) just so they can keep up with the Joneses?
On the bright side, people like him are unlikely to be happy with what they have. He’ll spend the rest of his life dreaming about the billions he ‘lost’, rather than being satisfied with the obscene amount of wealth he already has.
The question is, numbers-wise, how many of us actually left reddit?
Couple of hundred thousand maybe
They pissed off a lot of their quality submitters, who either moved somewhere else or decided the hell with it, and they're doing other things now entirely.
When I upped stakes and left, I did indeed up my stakes. I torched all of my posts and comments, which means that, yes, all of my typical reddit bickering is lost to time now. But so is all the specialty knowledge about specific topics I'd put into posts and comments which are now gone from their platform entirely. Outside of the usual cats/porn/vidya/political bickering cycle on reddit, a large portion of what made it valuable to people was (were?) all the niche subs full of knowledgeable people posting information and answering questions about whatever the topic was. The reddit administration didn't just piss off the power mods, it pissed off all the people contributing to those subs as well.
Lemmy has existed before the reddit shitshow.
Possibly we should all occasionally contribute shit posts to Reddit.
I've been browsing Reddit logged out and haven't seen even one thing that made me want to comment since the apps got shut down. It really does seem like the content quality has tanked.