161
Reddit might once again be flirting with an IPO (techcrunch.com)
submitted 11 months ago by lvxferre@lemmy.ml to c/snoocalypse@lemmy.ml
68 comments fedilink hide all child comments

IPO = Initial Public Offering, where shareholders offer to sell their shares to the public, shifting a company from a "private company" (it belongs to me, you, and that guy) to a "public company" (it belongs to anyone who pays enough for the shares).

The userbase has been always touchy when it comes to IPO, and rightfully so; they know that the new owners will only care about squeezing the platform dry. As such, I predict a new flood of Redditfugees to Lemmy and Kbin.

you are viewing a single comment's thread
view the rest of the comments
[-] Jackcooper@lemmy.world 54 points 11 months ago

Imagine investing in reddit, an actively hostile user base that will do anything to avoid ads and will completely bolt if you take the porn away.

[-] theangryseal@lemmy.world 14 points 11 months ago

They’ve already ran plenty of us off too. I used it for more than a decade. I miss good video subs though.

[-] MycelialMass@lemmy.world 5 points 11 months ago

I'm waiting for peertube to get sorted, hopefully doesn't take too long.

[-] SharkEatingBreakfast@sopuli.xyz 11 points 11 months ago* (last edited 11 months ago)

Think of the astroturfing opportunities!!

this post was submitted on 29 Nov 2023
161 points (96.5% liked)

SNOOcalypse - document, discuss, and promote the downfall of Reddit.

3 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When sharing links, please also share an archived version of the target of your link.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:

  1. Follow lemmy.ml's global rules and code of conduct.
  2. Keep it on-topic.
  3. Don't promote illegal stuff here.
  4. Don't be stupid, noisy, obnoxious or obtuse (S.N.O.O.)
  5. Have fun, and enjoy the popcorn! 🍿

founded 1 year ago
MODERATORS
lvxferre@lemmy.ml