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Discord is laying off 17 percent of employees (www.theverge.com)

submitted 10 months ago by testeronious@lemmy.world to c/technology@lemmy.world

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[–] Copernican@lemmy.world 7 points 10 months ago (1 children)

But isn't Reddit still private?

[–] sunbeam60@lemmy.one 29 points 10 months ago (1 children)

Well yeah, but we both know they are behaving like a company heading for an attempted IPO.

[–] Copernican@lemmy.world 9 points 10 months ago (1 children)

But that's why I don't think the private vs public company distinction is what matters. When it comes to private, there's a whole class of private equity owned companies that some people won't even consider working at because of the reputation their cost cutting and flip mentality is. It's not a black and white private good public bad because only one has public share holders and exchanges.

[–] sunbeam60@lemmy.one 7 points 10 months ago

It’s definitely not as simple as my quick comment on Lemmy pretends, agreed.