Reddit, Inc.'s management seems to think that Reddit is too big to fail
They're wrong
The fundamental Reddit question: "Is Reddit its community or its executives?"
Running a community or a multi-million member subreddit like Funny, is a ton of work
Spitting in the faces of the volunteers that make Reddit work is just asking for trouble
There is nothing special about Reddit except its community and the content the community created
This is not at all dissimilar to mass fashion's current situation
We're seeing customers abandon brands because mass fashion is alienating their customers with one size fits none generic product and content, poor quality, high prices, and no way to participate
In the past, businesses could get away with treating their users as commodities and putting profits ahead of everything else
Reddit and now the entire short-form video internet is built on user-generated content
The company needs to put users first and focus on creating a platform that is welcoming and engaging and where users can monetize the communities they've built
If Reddit continues to treat its users as commodities, it will eventually be replaced by a competitor that does
The success of any business or brand is ultimately dependent on the people who use it - if the people who use it are not happy, then the platform or brand will eventually fail
In the past, consumers were limited to a few major brands for most products and services and consumers had little power to voice their complaints about products or services
Social media gives consumers a platform to share their experiences with the world - it makes it much easier for consumers to organize and hold businesses accountable
As these trends accelerate, the command and control, profit above all else business model will become increasingly obsolete
Businesses that want to survive in the long term need to put customers first and focus on creating products and services that people love
You have to be deeply aware of their constantly changing needs and execute in real time because the success of digital brands is ultimately dependent on the people who talk about them online
If the people who use it are not happy because you start from a place of designing products, content, and experiences from a place of bias rather than their specific shared interests, then the platform or brand will eventually fail
The answer is (fashion) brand is community, not a bunch of suits who don't know anything about Gen Z girls
#genz #creatoreconomy #contentistheproduct #tiktokisthestore #tiktokmademebuyit
https://lnkd.in/ejd-pSUx
Social Scientist at Pinterest
1moFb group comments are really well ranked and moderated now. I’ve seen big improvements in last 3 years.