https://en.wikipedia.org/wiki/Digg#Digg_v4
Reddit is on the same path, but it's more of a slow burn.
Sounds like Reddit. When I go to reddit, I use "old.reddit.com". I hate the new version, once old.reddit disappears, I disappear too.
You've got your Lemmys and Lobsters and so on, but none of them are a centralized catch-all. I can't (for example) go to Lobsters and talk about Star Trek in a /r/DaystromInstitute equivalent, and the official equivalent running on Lemmy is far from equivalent to what the subreddit was before all this chaos.
It's kind of the same deal with Twitter. Twitter was the place ~everyone went to as forums collapsed. Now there's [Discord, new forums, Reddit, 9000 different ActivityPub platforms, Bluesky, Cohost, ...] and none are quite a match for what even the narrowest niche used Twitter for. You could easily go from your forum chat threads and topical threads and recreate that experience on Twitter with a high level of fidelity. Digg->Reddit was similar.
There's no obvious match for the centralized platforms because they sucked up all the energy for creating new centralized platforms that existed before.
To say that product is going to replace twitter is -imo- just wrong.
When Reddit started to do stupid things, some people moved to lemmy but it wasn't as clear cut... I guess distributed networks are always a bit harder to get traction.
Before anyone replies with "the fediverse"… I've heard people talking about Mastodon etc. for years now and afaict it's still a fringe nerd thing that most people outside techie HN-adjacent circles haven't heard of. It doesn't seem remotely comparable to Reddit in terms of popularity, or potential popularity.
Mastodon recently blew past 15m users, though, so not nothing.
Ads make the signal to noise ratio degrade. That works for spending a few minutes on FB, skimming to see what's up with friends or family, but not for reading long forum threads on reddit.
Reddit on the other hand has a bunch of anonymous users whose preferences are much harder to figure out.
At least for Twitter and Reddit, these could be profitable. There's so much fucking garbage done on both platforms... remember the hexagon NFT profile pictures on Twitter or Reddit's NFT avatars? Who in their right mind other than cryptobros would/did buy these, and how much developer attention got sucked in by these projects? Reddit has around 2.000 employees, what are they doing all day long, given that most moderation is being done literally for free?
Having said that, and being perhaps too negative, do we know how alive Reddit actually is? Because once you factor the power users that left, the bots reposting top comments on reposted stories, the auto-generated content and the shills it is possible that Reddit has already started its decline but hasn't noticed yet.
https://en.wikipedia.org/wiki/Digg#AACS_encryption_key_contr...