• TropicalDingdong@lemmy.world
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    10 months ago

    They rise in interest rates and the end of easy VC money has swung the dial back to: Companies actually to generate profit and not just show user growth to be attractive to investors.

    Yep, but also, I think spez is done. He’s just cashing out and fuck you etc… etc…

    He’ll catch enough to successfully eject and thats that for him. Reddit will die. But we’ll have survived, and the open web will continue.

    • Pons_Aelius@kbin.social
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      10 months ago

      Yes, he will cash out but I feel it will only be a fraction of what he hoped to get.

      He will be comfortably rich but to someone who expected to be obscenely rich, he will see it as a failure.

    • proudblond@lemmy.world
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      10 months ago

      I’m not convinced Reddit will die. I think it will continue to limp along in its zombie state. But I kind of wish you were right, just because I’m still a bit mad about it.

          • davidgro@lemmy.world
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            10 months ago

            Your chain is missing at least BBSs, slashdot, and fark. My own is missing Usenet and IRC (I played with them, but didn’t spend time there)

          • Pons_Aelius@kbin.social
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            10 months ago

            Depends, I went from BBSes to slashdot to koro5hin to reddit to kbin and do not feel old.

            To me old-age begins when you feel you are past the time when you can learn/experience something new and/or new tech no longer feels exciting/interesting but scary.

            I have met people in their 80s who have a younger outlook on life than some people in their 40s.

    • Bonehead@kbin.social
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      10 months ago

      Of course spez is cashing out. That was the whole point of returning as CEO after Ellen Pao was sacrificed to cleanse the site and make it investor friendly. He just wants to cash out more than the $6 million he got the first time.