• HobbitFoot @thelemmy.clubEnglish
    43·
    10 months ago

    Why buy it? The CEO has publicly stated they don’t make money while killing two major revenue streams.

  • Pons_Aelius@kbin.social
    22·
    10 months ago

    They are about 2 years too late.

    The rise in interest rates and the end of easy VC money has swung the dial back to: Companies actually need to generate profit and not just show user growth to be attractive to investors.

    The IPO will not go as spez dreamed for so long.

    • Mystic_Vampire@lemmy.worldEnglish
      2·
      10 months ago

      I agree. The economy is shit right now and I would be amazed that anyone in their right mind would invest in a company whose already lost half their value in just a few years (at least, that’s what I’ve heard. They supposedly went from 10B to 5.5B or something like that). And like you said, interest rates are a factor as well.

      The mods are jumping ship or just straight up abandoning the site, and the slew of NSFW content, real or not, is damaging its advertisement potential. It’s a lemon.

    • MamboGator@lemmy.worldEnglish
      451·
      10 months ago

      Expect a new wave of refugees to Lemmy every fiscal quarter as they make ridiculous changes to increase the value of a sinking ship for shareholders.

      • ZeroCool@slrpnk.net
        24·
        10 months ago

        Now it’s just a question of whether old.reddit will be killed off before the IPO or shortly afterwards. Either way, I doubt it makes it to the summer.

          • MamboGator@lemmy.worldEnglish
            32·
            10 months ago

            Same. The main reason I never had a Reddit account is because it is too big. You either get drowned out or swarmed by an army of dissenting opinions no matter how innocuous your comment was.

            • Ignacio@kbin.social
              51·
              10 months ago

              A good administrator, some good moderators, and the ability to create more instances, can solve that situation. The third one is easy, the other two…

      • SSTF@lemmy.world
        3·
        10 months ago

        I sincerely hope so, many hobby and interest communities absolutely need more active members to achieve stable activity.

  • Lvxferre@mander.xyz
    14·
    10 months ago

    Eventually the IPO will ruin Reddit, as vulture capital will make sure to extract every single bit of value from the platform as profit. I just wish that Reddit’s downfall happened before that - otherwise spez and other shareholders are still leaving with pockets full of money.

    Also, it would be a shame if a blackout happened near the end of February… or if subreddits went again into “Oliverposting” mode… or if people happened to promote a few Kbin / Lemmy instances…