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this post was submitted on 14 Jul 2023
999 points (98.4% liked)
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GROWTH. The upcoming IPO is for a publicly traded growth corporation. Read about how they work. The side 2ffects are appalling.
It is nothing like you'd imagine a corner store working, where profit is the goal.
No need to be quite so condescending is there?
I fully understand how they work.
Seems like this growth they should be trying to achieve is fucking futile when they:
Not to mention, infrastructure costs lead to growth.
If you don’t have the resources to support your current platform, you shouldn’t be actively trying to grow the platform by discarding older content. It makes those accessing and making use of the content (be it individual or institutional) lose trust in the quality of data.
Great growth strategy that.
He means the business model they're going for with the IPO.
Growth means the value of the company. The shares. The stockholders getting dividends. It has fuck all to with user experience, or even user growth. It's about manipulating information and using clever accounting to get investors to give you money.
The company is worth fuck all if their sole “money generation” process is via user data and authentic conversation.
Users ARE Reddit.
No content, no value.
No value? No dividends.
My apologies! I was commenting only on the cost of cold line storage, for the hypothesis reddit is offline storing data, only. I meant, there, to know the cost look for the pricing page it's reasonably readable.
Tbh I find the order of Lemmy reply presentation a bit confusing sometimes.