If the market for initial public offerings recovers in the new year, one company that aims to go public early on is Reddit. An IPO will put the spotlight on the prospects for Reddit’s advertising business, which has fallen short of ambitious growth targetsoutlined by executives two years ago. ...
Reddit’s value as a social media platform drops as it’s value to advertisers rises. The more mutilated it becomes, the less genuine it is, and the less people will seek to use it.
Spez would like to believe Reddit is a cow that can be milked forever.
In reality Reddit is a pig that Spez seems to believe he can get bacon from forever. Except to get that bacon, you have to kill it, and you can only do that once.
I don’t think they care. They’ll just eat their bacon and sell the pig’s corpse for someone else to further mutilate. That’s the entire point of the IPO, selling out, no?
When having a bacon and egg breakfast the hen participants the pig is committed.
You had me at bacon…
I deleted my reddit account and joined lemmy during the subreddit blackout, but there’s still a few authors I follow on reddit. Most I’ve followed to other sites, and just recently one was suspended for what sounds like a fuck up on reddit’s end.
Reddit lost most of their quality content creators and I can’t see the few remaining staying long term.
I reached the same conclusion and posted it to reddit over a decade ago, asking people to try to come up with a better solution, long before I even knew open source software was a thing.
Well, took 15 years, but lemmy exists now so hooray!