Reddit might once again be flirting with an IPO

techcrunch.com Reddit might once again be flirting with an IPO | TechCrunch

The San Francisco-based company, co-founded by Steve Huffman, Aaron Swartz and Alexis Ohanian in 2005, could go public as early as Q1.

IPO = Initial Public Offering, where shareholders offer to sell their shares to the public, shifting a company from a "private company" (it belongs to me, you, and that guy) to a "public company" (it belongs to anyone who pays enough for the shares).

The userbase has been always touchy when it comes to IPO, and rightfully so; they know that the new owners will only care about squeezing the platform dry. As such, I predict a new flood of Redditfugees to Lemmy and Kbin.

Reddit Migration @kbin.social

Reddit might once again be flirting with an IPO | TechCrunch

techcrunch.com /2023/11/27/reddit-might-once-again-be-flirting-with-an-ipo/

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Who will be the sucker that buys a site full of bots reposting content for other bots to "discuss"?
- Vulture capital. They don't really care about what they're buying as long as they get some profit out of it.
  
  That would require reddit to actually be making a profit....
  
  Or if Reddit can bullshit that the site can be profitable "soon".
  
  during the entire API fiasco some people had a look at their financials and the conclusion was that they should be making a profit if their revenue numbers are remotely correct. Somewhere in this pit of dung they have several money pits of unknown nature
  
  Are they SBFing islands for their hoity parents?
- It's gotten really bad. Since the protests a lot of subs seem to be just gone and a lot of the old subs that are still there are mostly just bots reposting top posts, with a bunch of bots reposting top comments. Someone made a bot who tracks those repost bots and calls them out (which Reddit could do from within their backend automatically), and some submissions had like 60-70 percent removed bot comments. And of course all of them had a bunch of gullible idiots talking to them.
  
  Interesting, any link to that bot analysis?
  
  Same, really interested in that data
  
  You and him seem really confused to expect any actual data out of an anecdote, but you do you. ¯(ツ)/¯
  
  [Speaking as a mod]
  \ You don't have data, you were sharing an anecdote, that's 100% fine. But chill on the passive aggression.
  
  Nah, sorry. I have this dipshit troll tagged already from a month ago. He does this crap all the time.
  
  If you see trolling behaviour in this community, please report it, either through the report button or through DM. With evidences that the user is trolling (that's important).
  Don't try to solve it through aggressions, passive or active, as they encourage other users to behave the same, and make the community less fun for everyone. OK?
  
  Are you saying reports do not link to the actual reported comment and I have to manually add the reference link myself?
  And this interaction was in another community. Besides, I've given up on reporting anything on this particular instance, as most mods on here seem to not take actions against tankies, even when they're straight up insulting people or spreading disinformation. I was about to block this community as well anyway after dropping my initial reply to someone else, as I do this now to all the Lemmy.ml ones that pop up in my feed.
  
  Are you saying reports do not link to the actual reported comment and I have to manually add the reference link myself?
  I'm not saying so. I offered DMs as an option because issues are often complex and depend on multiple instances of behaviour, while the report button will refer to a single piece of content and that's it.
  
  Is the report function different on Lemmy? Ob Kbin I get a form field where I can add additional information. A DM typically invites someone to potentially respond, which I'm really not looking for.
  
  What makes you think we expect any data? It was just a kind request if you had any lying around, if not that's perfectly reasonable. No reason to get dickish about it.
  
  Yeah, nice gaslighting buddy but I am very much capable of reading bad faith arguments.
  
  sure buddy, it's the beginning of a bad faith argument and gaslighting, suree.... If it helps you sleep better we can all pretend that's what it is and not just some random people genuinely interested in that data.
  
  Thanks for proving my point. 🤡
- Lots of little suckers, as opposed to any big single one. An IPO means its going to hit the stock market. You could buy a share, and then go to a shareholder meeting and yell at them if you wanted. Theoretically.
- That reminds me of this super genius billionaire guy...
- It's not even good for support anymore. Anytime a search engine gives me a Reddit link, at least 10% of the comments have been deleted. The best information has been gutted.
- Have you seen how much bot content is here? Glass houses and all.
  
  Three key differences: bot content here is marked, avoiding it is as easy as checking a box in your profile, and Lemmy not being sold.
  
  Enjoy your small subset off posts I guess
  
  Don't get me wrong, I do not think that bot content should be the rule here. I think that it's useful in a few situations, but the main content should be organically created by chimps with funky hair patterns.
  What I'm saying here is that Lemmy is using bot content in a saner way than Reddit does, specially given the context.
  
  What are you smoking bud

68 comments