Depending on volunteers is not sustainable, given the regulatory scrutiny that the company will now face, said Julian Klymochko, CEO of alternative investment solutions firm Accelerate Financial Technologies.

“It’s like relying on unpaid labor when the company has nearly a billion dollars in revenue,” he added. Reddit reported revenue of $804 million in 2023, according to an earlier filing.

  • Randomgal@lemmy.ca
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    7 months ago

    Are we though? Every other day you have someone asking to defederate or block instances. In a way everyone is free to talk, but there’s still people controlling who listens to what.

    • urist@lemmy.blahaj.zone
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      7 months ago

      You are always free to host your own lemmy instance. Then you can choose to federate with whoever you want.

      If I hosted an instance, I wouldn’t want to host hate speech or weird porn, and it would also be my right to not do so.

      I also wouldn’t want to bother moderating a lemmy instance for people I didn’t know, and having to hear their demands for what they want to see/not see. That’s just me, personally and I’m glad there are people out there doing the work for me.

      What I’m saying is, if you’re going to interact with a platform with possibly millions of users there’s going to be ground rules, and those take time to agree on. Lemmy is unique in that you can move to an instance that fits you better. I don’t think social media should be monetized, but we can’t ignore they take time and money to run. You have to compromise on somethings sometimes.

      Or you can just run your own.

      • Randomgal@lemmy.ca
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        7 months ago

        I agree with you. That was my point, there are always compromises if a group of people is involved. In opposition to the comment implying that Lemmy is absolutely free of control. It’s just a different form of control.

        • urist@lemmy.blahaj.zone
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          7 months ago

          Hmm, I’m not sure how your opinion differs from /u/eleitl@lemmy.ml then, that’s more or less what they were saying, no? They never stated they thought lemmy was completely free from control, the contrary in fact: community effort