this post was submitted on 11 Jun 2023
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Will Reddit ever cave in? (lemm.ee)
submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]
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Exactly as the title says, do you guys think Reddit will buckle and at least be more reasonable or maybe even reverse their current decisions?

Edit: if not lemmy to the moon ๐Ÿš€

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[โ€“] [email protected] 37 points 1 year ago (2 children)

No. They are trying to finalize an IPO. No amount of anything is going to stop them from this cash grab.

[โ€“] [email protected] 6 points 1 year ago* (last edited 1 year ago)

Short term, I agree with you. Long term, for me it's a virtual certainty that Huffman is fired as CEO of Reddit within one year of an IPO. At that point, the community and content may have deteriorated so much that a new CEO sees value in re-opening the API and third-party apps, probably with some kind of revenue share/ad delivery aspect, and maybe with a (sensible) fee for the biggest users.

EDIT: having just discovered Manifold Markets (thanks @lixus98 !) I've created a market for this: https://manifold.markets/IE/will-steve-huffman-be-fired-or-resi

[โ€“] [email protected] 2 points 1 year ago

The IPO will catch on fire, burn up and fall over into the swamp. The last thing you need in the 11th hour of an IPO is bad press and protests.

The move overall smacks of desperation. The investors aren't blind. Spez is openly calling out that they're not profitable, on the eve of the IPO.

Honestly, all things considered in his rock solid stance I'm expecting more of a fire sale.