SNOOcalypse - document, discuss, and promote the downfall of Reddit.

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lvxferre@lemmy.ml

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Reddit might once again be flirting with an IPO (techcrunch.com)

submitted 11 months ago by lvxferre@lemmy.ml to c/snoocalypse@lemmy.ml

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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.

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[–] LemmyIsFantastic@lemmy.world -1 points 11 months ago (2 children)

Have you seen how much bot content is here? Glass houses and all.

[–] lvxferre@lemmy.ml 9 points 11 months ago (1 children)

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.

[–] archomrade@midwest.social 2 points 11 months ago

What are you smoking bud