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fnord42 · 3426 days ago · link · · parent · post: The social aggregator is a terrible business model.
Since they are elected by the community, it should hopefully not be a problem, since they represent the wishes of the community. Some sort of safeguards need to be in place, perhaps. I recommend checking this out, Reddit was on its way to become decentralized, but it was stopped by a new round of funding and Yishan leaving:
[...] how easy is it for a site to become captured by outside interests when the folks that made the deals can be replaced in the next elections?