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Reddit seeks to launch IPO in March
(www.reuters.com)
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this post was submitted on 18 Jan 2024
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Yep, but also, I think spez is done. He's just cashing out and fuck you etc.. etc..
He'll catch enough to successfully eject and thats that for him. Reddit will die. But we'll have survived, and the open web will continue.
Yes, he will cash out but I feel it will only be a fraction of what he hoped to get.
He will be comfortably rich but to someone who expected to be obscenely rich, he will see it as a failure.
Serves him right for pissing on Aaron Swartz's grave. In fact, it's hardly justice.
To quote that great late 20th century philosopher, Terry Pratchett:
There is no justice in the world, there is Just Us. (and many of us are not nice people.)
I’m not convinced Reddit will die. I think it will continue to limp along in its zombie state. But I kind of wish you were right, just because I’m still a bit mad about it.
Well, Digg still exists...
Ha I went from Digg to Reddit to Lemmy. Does that make me old?
Your chain is missing at least BBSs, slashdot, and fark. My own is missing Usenet and IRC (I played with them, but didn't spend time there)
Depends, I went from BBSes to slashdot to koro5hin to reddit to kbin and do not feel old.
To me old-age begins when you feel you are past the time when you can learn/experience something new and/or new tech no longer feels exciting/interesting but scary.
I have met people in their 80s who have a younger outlook on life than some people in their 40s.
I mean, idk man.
Going public does funny things to a company.
Of course spez is cashing out. That was the whole point of returning as CEO after Ellen Pao was sacrificed to cleanse the site and make it investor friendly. He just wants to cash out more than the $6 million he got the first time.