If the market for initial public offerings recovers in the new year, one company that aims to go public early on is Reddit. An IPO will put the spotlight on the prospects for Reddit’s advertising business, which has fallen short of ambitious growth targetsoutlined by executives two years ago. ...
  • GardeningSadhu@lemm.eeEnglish
    0·
    6 months ago

    yes! that place was built by normal people and they sold it to corporations. I love hearing news like this! fuck reddit!

      • Alto@kbin.social
        0·
        6 months ago

        Yep, in the face of the infinite growth monster, anything other than exceeding expectations is seen as a failure

        • FaceDeer@kbin.social
          0·
          6 months ago

          I still remember a line from a boss I had in one of my very first “real” jobs. “I expect you to exceed my expectations.”

          I didn’t bother pointing out the problem there. I also didn’t stay working for her for very long. :)

  • Bonehead@kbin.social
    0·
    6 months ago

    Is it wrong that I really really hope he makes less than $6 million out of this whole deal in the end? It just seems fitting…

  • g0nz0li0@lemmy.worldEnglish
    0·
    6 months ago

    It’s such bullshit, Reddit could have been so much more. Researching my latest purchase/obsession, and the only way to find anything that isn’t corporate sponsored reviews or AI content farming is to add the word “Reddit” to the end of the search.

    As someone with an 11 year old account that I deleted during the TPA debacle, I fully recognise that there’s a huge problem here. Reddit created a place where people wanted to put their thoughts, ideas, and opinions, and now that they are cashing out TOO FUCKING BAD LAME EBD USER.

    Edit: /oblig fuck you spez. Slimy little arsehole sold everyone out and thinks he deserves to be rich because his shitty site isn’t absolutely irredeemable.

    • return2ozma@lemmy.worldOPEnglish
      0·
      6 months ago

      11 year old account on Reddit too and I left it during TPA too. Had nearly 2 million karma. Same username as this one.

  • gedaliyah@lemmy.worldEnglish
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    6 months ago

    Well shucks, all they did was drive out their most active content makers and cut themselves off from hundreds of thousands of dollars in free moderation labor. Who could possibly have seen this coming?

        • Schwim Dandy@reddthat.comEnglish
          0·
          6 months ago

          That works in both directions. Don’t assume that the few that didn’t return are the ones that would have saved Reddit via incredible content.

        • givesomefucks@lemmy.worldEnglish
          0·
          6 months ago

          More important is originality…

          Lots of people/bots would just take an existing post from Reddit, and repost it. Sometimes to a different sub, sometimes to the same sub.

          For most users, it was still “new” because they hadn’t seen it before.

          Those accounts are still reposting. There’s more than few that do it here too.

          But that OC has been drastically cut down, there’s just a delay in users noticing that there’s fewer and fewer “new” reposts going around.

          So reddit doesn’t see a huge decrease in users immediately, but time on site and daily users will continue to decrease

          • QuaternionsRock@lemmy.worldEnglish
            0·
            6 months ago

            More important is originality…

            Is it, though? I left Reddit for here, so don’t take this as being in their defense, but if originality and ad revenue were meaningfully correlated, Facebook and Instagram would be bastions of original content.

            Hell, some of the most profitable YouTubers only post reaction content.

  • iforgotmyinstance@lemmy.worldEnglish
    0·
    6 months ago

    Reddit who?

    If I can’t browse my way, I simply don’t use the site.

    If reddit pops up in a search result on my browser, wellll best believe I have multiple adblockers making sure their ads don’t load.

    • Mikina@programming.devEnglish
      0·
      6 months ago

      And every time a Reddit results show up, I’m immediately reminded why I don’t want to go there by an error telling me that I can’t use the site without logging in.

      Fortunately, just changing the link to old.reddit.com still works even through VPN, but fuck this behavior. I do that only for questions I really need an answer and couldn’t find anywhere else, and most of the time the replies are shit anyway.