this post was submitted on 05 Jul 2023
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Memes

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[–] Halvo317@reddthat.com 9 points 1 year ago (3 children)

I'm sure there's no profit motive for Meta to confederate.

[–] Olgratin_Magmatoe@lemmy.world 13 points 1 year ago

They do have a profit motive, because meta is in competition with lemmy for people's time and attention. The more attention/time/views meta gets, the better for them. So it is in their interest to find a way to create their own instance, make it the most popular one, and then use that popularity to shut out all other instances, effectively killing them.

https://en.wikipedia.org/wiki/Embrace,_extend,_and_extinguish

[–] speaker_hat@lemmy.one 11 points 1 year ago* (last edited 1 year ago)

Meta is a "for profit" company, so every move they make is for profit and planned with their shareholders/board of directors, to approve their moves. These people only see $$$, sad but true.