SNOOcalypse - document, discuss, and promote the downfall of Reddit. @lemmy.ml cygnus @lemmy.ca 11mo ago

In unsurprising news, Reddit prepares IPO

www.businessinsider.com Reddit's cofounder said that at first the company felt like 'a homework assignment that got out of hand' rather than a business

Reddit's cofounder Steve Huffman said in its early days he filled up most of the site with content using different accounts until it got more users.

Reddit's cofounder said that at first the company felt like 'a homework assignment that got out of hand' rather than a business

Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.

161

You're viewing a single thread.

161 comments

Let the enshittification ~~begin~~ continue. Now that stockholders will be expecting increasing profits, I don't see how Reddit can remain free to use.
- I feel like Greedy Pigboy and Reddit Inc. as a whole deserve to be punished, for all that "my precious data! No, it is not the users', IT IS MINE! MY PRECIOUS!" fiasco. Enshittification will happen either way.
  
  Exactly. Reddit has been building this huge knowledge base for well over a decade. Built by the users themselves. He knows what he's got.
  
  I think I'll go ahead and log back in and delete all my old posts and comments. Fuck him.
  
  I deleted all my comments barring one which was a reply to Spez himself calling him a spineless coward after lying about the Apollo dev.
  
  I editted all my comments, replacing whatever the text was for a message telling that greedy little pigboy to go fuck himself, and to train his AI on that. Every single one that I could find, because Reddit history sucks as much as its search.
  
  I did that back when the API thing was happening.
  
  I did it
  
  People did that, and they restored the posts...

161 comments