this post was submitted on 20 Jun 2023
13 points (100.0% liked)
SNOOcalypse - document, discuss, and promote the downfall of Reddit.
4680 readers
1 users here now
SNOOcalypse is closing down. If you wish to talk about Reddit, check out [email protected], [email protected] and [email protected].
This community welcomes anyone who wants to see Reddit gone. Nuke the Snoo!
When sharing links, please also share an archived version of the target of your link.
Rules:
- Follow lemmy.ml's global rules and code of conduct.
- Keep it on-topic.
- Don't promote illegal stuff here.
- Don't be stupid, noisy, obnoxious or obtuse (S.N.O.O.)
- Have fun, and enjoy the popcorn! ๐ฟ
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
not only is the data they have unlikely to worth the amount they're asking (or they would have made their demands back in Feb when they acquired it), it's quite certainly not going to make Reddit do anything to change their position. At worst, I would suspect, the data contains some mildly interesting internal Reddit gossip and confirmation about what everyone has suspected for over a decade regarding exactly what telemetry Reddit collects on its users. I doubt Reddit would even be embarrassed by it-- nothing seems to embarrass the shameless.
The only potential value I can see in this action is to further scare off potential investors and to further delay the IPO. Maybe.
Not about embarrassment, it'd be about devaluing the company that oh-so-desperately wants to puff up its value on the way to an IPO. Every little ding in Reddit's reputation helps. If there's a single scrap of easily memeable outrage bait in that 80GB, say a report from Reddit's internal HR issuing a slap on the wrist to a still-active member of the board for sexual harassment, boom that's another 3 weeks of bad press for Reddit.