SNOOcalypse - document, discuss, and promote the downfall of Reddit.

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Has Reddit won and what does that mean? (lemmy.world)

submitted 1 year ago by [email protected] to c/[email protected]

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What are people's thoughts on how Reddit is coming out of this so far? How bad have things been for Reddit? Do we know how much their traffic has dropped and would a drip in traffic even hurry them that much. Why don't we see talk of a new blackout at the end of the month?

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[–] fist_of_fartitude 1 points 1 year ago

I think all of this is happening because the investors and VC people want to cash out asap, because the era of zero interest money is over and everything is falling apart. As far as they're concerned, Reddit is valuable because you can sell it for a lot of money; if Reddit is important or valuable to its users, that's entirely accidental fact that can and will be sacrificed to make an IPO happen (later this year).

I think they win if they manage to get to go public, and so far none of this will stand in the way of that happening.