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Discord, Twitter, Reddit, and Tumblr have something in common and it's not good
(www.techradar.com)
this post was submitted on 18 Jun 2023
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Technology
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I'm so tired of big tech taking social platforms and trying to make it increasingly profitable every year. It's just ridiculous.
Remember when social media was created as a concept to talk to other people easily? I'm so thankful for Lemmy and Mastodon and hope to see more decentralized social media networks appear in the future where corporate greed does not impact the direction
It would help alot If telecom/internet infrastructure was treated like our other infrastructure. Not to mention the literal billions of dollars in fraud that companies like Verizon and Comcast get away with. I still get mad when I think about how they were given massive sums of money to expand fiber optic infrastructure and gave themselves bonuses instead.
The original infrastructure in North America was the railway. I’m really thankful that the Internet didn’t develop the same way the railway did, with lots of suffering and exploitation and a few people getting really rich.
The playbook used by the Comcasts and Verizons isn’t new; it goes right back to the Phoenicians, and probably even earlier.
It’s what all public companies do. Once your company is public, it is somewhat your duty to raise profits every year forever and ever to make your investors money and to attract investors. It sucks, but that’s how the market works.
That was back in the day when the devs were paid by investor money, and the money the investors invested was someone elses money so they didn't care. Those days are over.
Profit isn't bad, but making money whilst destroying your customers trust, and disrespecting your customers, and getting away with it, is all too common.
Make money, AND be excellent.
It’s what all public companies do. Once your company is public, it is somewhat your duty to raise profits every year forever and ever to make your investors money and to attract investors. It sucks, but that’s how the market works.