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I'm not anti-capitalism. I'm against sacrificing the long-term health of a service by trying to pump it for cash in the short-term. I like slower sustainable gr
by al_borland 1y ago
I'm not anti-capitalism. I'm against sacrificing the long-term health of a service by trying to pump it for cash in the short-term. I like slower sustainable growth that stays true to the core service, rather than business models that are at odds with the core service being provided. It's this incongruity which puts companies at odds with its users and often leads to their demise... which isn't good from a capitalism point of view. Digg 4 did that, which led to the rise of Reddit in the first place. Now Reddit is making the same mistakes. Everyone is in such a hurry to be a unicorn that no one seems to run a boring sustainable business anymore. We need more boring businesses. It provides the stability this industry often lacks.
- alganet 1y agoI often have the impression that reddit burned cash in useless things (instead of pumping it trying to recover any investment), and they didn't even knew what they were. It happens more often than you think.