this post was submitted on 13 Jun 2023
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Reddit has 500,000,000 subscribers, and about 75,000 joined Lemmy.
I doubt they give a rat’s patootie about any of this.
(Numbers approximate based on posts I’ve been reading)
But those are some of the highest contributors, I'd bet. That 75,000 might well represent a hole in the Reddit's hull that will end up sinking the ship.
They're certainly enough that a substantial percentage of the total Reddit user population - at least the involved ones - are now aware that there is an alternative to Reddit. That's huge. As Reddit continues to go downhill - and it has to, that IPO is coming - and Reddit management continues to screw users and mods, more and more people will jump ship.
June 30th, the 3Pocalypse, will trigger the next major wave. Each reduction or elimination of NSFW content will trigger another. And I wouldn't be at all surprised if Reddit doesn't make more serious unforced errors along the way.
And spez et alia aren't quite as stupid as many believe. They don't care about 75,000, sure. But they can read the tea leaves as well as anyone else. Their major concern has to be that the emigration from Reddit to Lemmy could impact the value of the IPO. It's a clear danger, albeit only a potential one at this point.
Oh, they're watching all right.