this post was submitted on 05 Aug 2023
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636
The Reddit Protest Is Finally Over. Reddit Won. (gizmodo.com)
submitted 1 year ago by [email protected] to c/[email protected]
212 comments fedilink hide all child comments
 

The Reddit Protest Is Finally Over. Reddit Won.::Reddit corporate claims victory over its disgruntled mods as r/aww, r/pics, and r/videos abandon the "John Oliver rule."

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[–] [email protected] 55 points 1 year ago (1 children)

Maybe they 'won', but I don't count a pyrrhic victory as winning. It will take years to recover.

[–] [email protected] 11 points 1 year ago (1 children)

They won't recover.

[–] [email protected] 21 points 1 year ago (1 children)

I would desperately love to know what they estimated the IPO at before and after this whole mess.

[–] [email protected] 4 points 1 year ago

Is also worth remembering that the person doing the estimate was insane. Even before all of the process the site was never worth the four billion dollars or whatever the hell that stupid number was.

The site was massively valued because of the user data not for the site itself now that a lot of the user data is gone and not a lot of new user data is being generated the site is less valuable. The websites still exists of course but that was never the valuable bit of it.