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  • PenguinCoder@beehaw.orgEnglish
    74·
    10 months ago

    And so enshrined is that final nail in the enshitiffication coffin that was Reddit. I give it 3mo before Spez leaves Reddit to focus on [whatever].

    • Sabata11792@kbin.social
      14·
      10 months ago

      They know it will be big backlash so they got to wait till the move is profitable. Knowing these morons though, they will do it as soon as business times brings it up.

        • Sabata11792@kbin.social
          10·
          10 months ago

          Some one somewhere is dumb enough to select the worst possible business decision for their niche audience. Look at tumblr.

          Some one is going to see banning porn will bump up ad revenue without caring that it kills the platform. Got to keep the inverters happy.

        • Zworf@beehaw.org
          8·
          10 months ago

          Or OnlyFans 😆 They almost went out of business. It was really disingenious to have a porn site… ban porn? 🤔 😶

          I don’t think porn is a huge part of Reddit though. I always loved the way they had these great amateur communities of real exhibitionists, but lately things have been ruined anyway with more commercial people just teasing their onlyfans.

          But due to the niche communities there, I think reddit banning porn would be a real opportunity for lemmynsfw. A mainstream community is much harder to move but a niche community can move pretty rapidly.

  • Admiral Patrick@dubvee.orgEnglish
    46·
    10 months ago

    They must not have gotten a lot of takers when they offered buy-in options to power-Redditors (or whatever they called it). My account is old but was never super active, and I got an email a few weeks ago trying to get me to buy in. LOL nope.

  • athos77@kbin.social
    31·
    10 months ago

    users could become unruly if Reddit stock falls below the IPO price.

    Lmao, dude doesn’t know redditors at all, do they?

  • megopie@beehaw.org
    28·
    10 months ago

    I mean, this will probably kill the platform long term. Not the stock its self, but what’s going to happen when they need to start answering to an outside pool of share holders.

    The website became popular because of its user curation and moderation. That meant it was showing people what they wanted to see and allowed them to self select into communities that facilitated that.

    They’ll be forced to bring in smooth brained business types that will focus on putting ads and “native content” in people’s faces as much as possible. At the same time cracking down on “not advertiser friendly” content and mod teams that don’t play ball.

    All of this has kind of happened already to some extent, but it’ll get a lot worse when shareholders demand they bring in consultants or new leadership who think they know better than the team that’s been struggling with this for over a decade. Even if the average user won’t understand what is wrong, they’ll spend less time there as it starts to fail to show them what they want. But hey, the share holders might make their money back before the platform dies.

  • GrindingGears@lemmy.ca
    23·
    10 months ago

    Oh man are reddit users in for it when they have to answer to the market and public shareholders. Who really will just be a bunch of evil boomers holding institutional blocks.

  • neocamel@lemmy.studio
    20·
    10 months ago

    Lol they’re trying to sell me shares at “pre-ipo prices”.

    I asked if they have any puts available… So far no reply…

    • rinze@infosec.pub
      5·
      10 months ago

      What has been your involvement with Reddit as a user so far? I’m trying to understand what users are getting those offers.

      • Brad@beehaw.org
        4·
        10 months ago

        I received the offer on my 16 year old Reddit account, but not on another account I have that’s more like 12. Not sure if they went by account age or activity or what.

        I did not try to get in on the IPO (or pre-IPO.)

          • Kissaki@beehaw.orgEnglish
            2·
            9 months ago

            If they’re profiling then they’re bad at it. They offered it to me despite being a US-resident-only offer - which I am not.

      • neocamel@lemmy.studio
        1·
        10 months ago

        I can only imagine that they’re offering it to me because my account is like 15 years old… Either that, or I have about 200k post karma and 100k comment karma. (Not big numbers compared to karma whores, but still more than your average user).

      • t3rmit3@beehaw.org
        1·
        9 months ago

        I got an offer. I was a user since 2012, I think? Definitely not a top poster or anything.

        Ignored it, of course.

  • BioDriver@beehaw.orgEnglish
    18·
    10 months ago

    I am not a broker and this is not advice. But I think this is a fantastic short opportunity.

  • Neato@ttrpg.networkEnglish
    10·
    10 months ago

    So that’s how much they value their current and future data gathering operations to be. Because we know it isn’t going to turn a profit, ever.

  • katy ✨
    8·
    10 months ago

    what on reddit is worth $6 billion dollars?

    • jarfil@beehaw.org
      5·
      9 months ago

      NFTs, crypto…

      Oh wait, they axed the main vector to make those valuable (third party apps), didn’t build a real market for any of it, then rugpulled everyone. Guess it’s just the Google results now… for comments that people forgot to blank.