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this post was submitted on 31 Mar 2024
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They're probably trying to IPO like Reddit.
Maybe they are, but they fought off a Microsoft buyout only a few years ago, seems if they wanted to sell out, they would have done it then. Meanwhile, we don't have financial figures (since it is a private company) but reportedly they are profitable Regardless, it's just speculation and the "line must go up" meme generally refers to increasing share price to enrich investors and c suite, which... Doesn't make as much sense for a private company who's shares do not trade on an exchange.
Was the Microsoft offer before or after interest rates rose? That has been the catalyst for a lot of the enshitification online recently.
2021, which was before the rate hikes which started in 2022, my conjecture would be Discord wouldn't be hit as hard as some other online sites that are enshittifying, simply due to one fact... They're not ad-based, they make money from direct subscriptions from users, there is something to be said for the other issues with cost of living rising so people have less spending money in general, it is possible they've taken a hit, but it's impossible to say as they don't have to publicly disclose that sort of info.
Does Discord make a profit? A lot of big tech has historically operated at a loss, even with subscriptions. Not sure if that data is available since they're private.