What you're missing is that you'll drive up the price. You'd be validating everything Spez did by turning it into a reason people want to buy Reddit.
It's going to be bought anyways by speculative investors. The only difference is who buys it. The market has an as-of-yet-unknown price it will buy those shares at. Even in the scenario you describe where demand from redditors drives up the price, if the end goal is achieved of having a user-owned platform, I'd still consider it a win.
No, the difference is how happy spez and the investors are with his decisions. If his decisions cause the share price to rise, then obviously (in their view), he'd be right.
What am I missing here?
You want to beat the system by following the system. Al, that it achieves will be 'told you so it would result in millions?'
The only real way to beat a failing system is by offering something better and thus making it obsolete. The fediverse is an attempt to do just that.
Mastodon is getting more and more attention now Musk is killing Twitter. (Truth is getting some as well, but that's limited to extremist christians) I'm sure Lemmy and Kbin will be as effective.
How are you going to pull together ~$5 billion to buy Reddit and keep it running long enough to get through its burn rate until you make it profitable?
"The master's tools will never dismantle the master's house"
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