Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
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Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed
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watch the reddit ipo be a catalyst for a stock market crash.
The difficult thing is gaining users, not writing the code.
I don't think the number of bots matters much, there are much more real people on Twitter than on Mastodon. It's not an issue for Twitter because they already are the platform where everyone else is. I'm optimistic about Mastodon, it already has the better UX and the better business model and I think it will slowly attract more users over time and eventually reach the relevance that Twitter had at its peak.
It's hard to tell how much a platform is worth, arguably the value of Twitter was 44B, since someone was willing to pay that.
The good news is, if you're really certain that Reddit is overvalued, you'll soon be able to short it and get rich if you end up being right!
I think it's reasonable to not short stocks. I just find it a bit weird to see people confidently proclaim that a company is overvalued, but than not shorting the stock, which would be the rational thing to do.
Imagine reddit causing The Great Depression 2.
"They really spezzed up the economy."
How much was WeWork valued at without turning a profit?
It's not that much for a tech company with such a big user base
Musk bought Twitter for $40B, and the same is true there.
Same here. I'm just pointing out that $5B is not unreasonable given other acquisitions in the field. Reddit has a lot of users, a lot of useful data, and relatively low hosting costs (mostly text, very little video or images).