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Fidelity deepens valuation cut for Reddit and Discord
(techcrunch.com)
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Before I (unfortunately) budged, it was due to inferior usability (imo), bloated experience, and most notably, shitty privacy policy compared to the likes of a (self-hosted) TeamSpeak server. Discord is free because you're the product, as with any other service.
I can't speak for everyone, but my own biggest concern with Discord is that it seems to me that they're inching their way towards either an IPO or acquisition. The former would end with Discord exploiting our data as much as possible, and the latter with years of our data being put in the hands of the highest bidder. Microsoft acquiring Skype was rough; something similar occurring with Discord would be downright brutal. The thought of a corporation exploiting conversations with vulnerable friends who were committed to making very final mistakes before being talked down, emerging and/or failed romances, discussions about extremely personal events et al. is frightening.