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

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In unsurprising news, Reddit prepares IPO (www.businessinsider.com)

submitted 8 months ago by cygnus@lemmy.ca to c/snoocalypse@lemmy.ml

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Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.

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[–] ech@lemm.ee 11 points 8 months ago (1 children)

if your content meets requirements for monetization

"Requirements" being key there. The vast majority of even power users won't end up getting paid with the system as it stands. If anything, it's just there for people to give them credit for making it "possible".

[–] survivalmachine@beehaw.org 3 points 8 months ago (1 children)

Which requirements are difficult to meet? The highest hurdles I see is receiving 10 gold in a 12-month period and making sure your content isn't porn/gore/drugs. I think reddit blows, but this doesn't seem like difficult-to-obtain goals for somebody trying to make some extra scratch.

[–] GammaGames@beehaw.org 3 points 8 months ago (1 children)

Yeah, I went through a few pages and they don’t seem unattainable. The hardest would probably be living in a country that isn’t included

[–] survivalmachine@beehaw.org 4 points 8 months ago

Yeah, and while the country thing sucks, it's at least a quick "yes/no" answer before you even start trying. This isn't a deceptive lure like roblox, where they entice millions of kids to try to monetize their content, but make it exceptionally hard to actually make a profit or to even cash out (and even if you meet their ridiculous requirements, there is a huge imbalance of exchange rates when converting to and from a real currency to robux).