Is it even worth anything to investors anymore at this point? Huffman kind of destroyed any faith anyone had in Reddit, seems like it's just going to slowly turn into an ad distribution service to scam people who don't know any better lol
this post was submitted on 18 Jan 2024
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Well yeah, but that's worth a lot.
I've said myself that reddit's biggest assets were it's passionate userbase and it's trove of commentary. But I remember reading a comment, years ago now, that reddit's biggest asset was it's profile data. They know what communities you visited, and which you were most passionate about. They know what specific topics and keywords got you involved in a conversation. They know the content that you upvote and that you downvote. They know roughly where you live, what times you're online. They probably have a decent idea of your job and how much you earn. They data is worth something to data brokers, and it wouldn't surprise me if they start selling it after the IPO.
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Buying puts on that bitch on day 1.
I hope the STONKS Apes are ready...
They will short the fuck out of it. There is literally no way this company can make money without making the product so much worse they will really start bleeding the users they need for revenue. It will explode on launch week and crash two or three weeks later.
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Can someone tell me what IPO is, and act like I'm not an idiot XD
They're going to start selling shares of the company on public markets
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Hope we see some more migration. Lemmy is miniscule in comparison, with 60,000 active users by last count across all instances.
Heck, even /r/mildyinteresting has 220,000 users and that isn't even the main subreddit, it's a misspelled version of /r/mildlyinteresting.
/r/videos used to be a default and supposedly has millions of subscribers, but when I was still on reddit you'd regularly see content with 100 upvotes reach the top of the subreddit and maybe 10 comments. Often this was on bot reposts.
Their numbers should be take with a huge grain of salt.
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I think it's fine. Lemmy was actually nicer with less users. Now it grew a bit and all the trolls also came along. If it becomes huge, it will probably lose most of its charm.
Bigger is actually not better sometimes I think.
I'm happy right now with it. But sure, mostly memes and Linux stuff which I like, so...
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The offering would also test the willingness of some Reddit users to back the company's stock market debut. Many investors posting on the platform have helped fuel dozens of "meme" stock rallies in the last three years.
Whatever nonsense the're implying here is twisted and awefull. Like they owe it to the platform?
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Good luck Mr. Gorsky
When can I buy puts?