I guess it’s self explanatory but I keep seeing all this stuff about how everyone is moving from Reddit to lemmy and I’m wondering if anyone knows if that’s really what’s happening. If you have numbers that’s even better.

Thanks!

  • Raltoid@lemmy.world
    link
    fedilink
    arrow-up
    1
    ·
    1 year ago

    It’s a strategy straight out of MBA textbooks: Once you’re above a certain size and have a large “common consumer” base, you kick out everyone who would complain about shitty practices and exploitative behaviour. Then you squeeze out all the money you can over a year or three before the rest realize and leave.

    It’s fast ROI at the cost of customer retention and long term profits. And investors literally don’t care if the company goes bankrupt as long as they get that money. Because they’ll just move on to the next company and do the same thing all over.

      • Raltoid@lemmy.world
        link
        fedilink
        arrow-up
        2
        ·
        edit-2
        1 year ago

        It’s called “locust capitalism” in some languages.

        Since they literally just consume everything and move on to new things with zero regard for anything they affect after the fact.