504
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 29 Oct 2023
504 points (97.4% liked)
SNOOcalypse - document, discuss, and promote the downfall of Reddit.
4645 readers
1 users here now
SNOOcalypse is closing down. If you wish to talk about Reddit, check out !reddit@lemm.ee, !reddit@lemmy.world and !RedditMigration@kbin.social.
This community welcomes anyone who wants to see Reddit gone. Nuke the Snoo!
When sharing links, please also share an archived version of the target of your link.
Rules:
- Follow lemmy.ml's global rules and code of conduct.
- Keep it on-topic.
- Don't promote illegal stuff here.
- Don't be stupid, noisy, obnoxious or obtuse (S.N.O.O.)
- Have fun, and enjoy the popcorn! 🍿
founded 1 year ago
MODERATORS
Well in the reddit case there's a payoff and then one gets to walk away from the sinking ship. They just need to get things pumped up for the IPO and then who cares what happens from there. It's time to cash out and it becomes someone else's problem to deal with.
This IPO is the only thing that going to give them anything remotely near Musk money and it's not going to anywhere near at much where one can crash and burn another social media site for the hell of it...
Which I don't get, all they have done for months(years really) is make the site less attractive to users, and therefore less attractive to investors. They did all the shitty stuff you do to maintain piece of shit shareholders BEFORE THEY HAD THE SHAREHOLDERS!
They probably have to show revenue
It's like those recent news about netflix rising prices and preventing password share. They don't care about users' experience, or if 10% of the userbase will leave, as long as the revenue increases.
And that's why it's so awesome that Reddit users got together and did a protest that dumped the valuation of Reddit stock just as Spez was trying to sell it