1y ago

Reddit faces new reality after cashing in on its IPO

Reddit must now answer to its shareholders as well as its vocal users.

1y ago

Reddit faces new reality after cashing in on its IPO

14 comments

Wrong.
Reddit only needs to answer to shareholders. Users have never mattered.
- It's the old adage:
  If something is free, you're the product not the customer.
  
  Right. The users are the product. What do you think happens when a vendor runs out of product?
  Users matter.
- USA: In Shareholders We Trust
Fuck Spez.
Reddit has never been a business capable of generating significant profit. It only exists because it was less monetized than the alternatives. By abandoning this philosophy, Reddit is guaranteed to be the next Digg.
The top comment is "Fuck spez." Hah.
sustained growth can't succeed along with the surroundings. I would like to believe that gross mismanagement would lead to the downfall of this once super cool website but I also think twitter is a stupid idea so I'm a bad judge of what will get funding. I wonder how much of that funding is shell corporations from intelligence agencies harvesting user data and training computer models though too.
- Letting the users have their way seems like a great way to harvest better quality data from the user base. Not that I’m in favor selling user data…
Year of the lemmy ?
- New meme just dropped
Reddit sucks blue waffles
Yeah ok. The new reality it must face is as the temporarily inconvenienced Twitter that it’s been trying so hard to be.

14 comments