Lemmy Today

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Welcome to lemmy.today!

About us

🤗 Thanks for joining our little instance here, located in Oregon. The idea is to have a fast, stable instance and allow users to subscribe to whatever content they want from here.

😎 We dont block any other instances. We will keep it that way unless it becomes a moderation problem.

🤠 We will be around for a very long time, so you dont have to worry about us shutting down the instance anytime soon. We like performance and stability in our servers, and will upgrade the instance when its needed.

🥹 Make sure to join a lot of remote communities to get a good feed going. How to do that is explained here.

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You should start using one of these ASAP since the web browser user interface is quite ugly, even with themes.

Sync for Lemmy (Android)
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Rules

Be respectful. Everyone should feel welcome here.
No bigotry - including racism, sexism, ableism, homophobia, transphobia, or xenophobia.
No Ads / Spamming, or creating communities to promote blogs or services.
No local pornography communities (but you are free to subscribe to them on other instances if you wish).
No local communities about software related to porn.
No local religious communities (use remote ones)

Contact the admin

@mrmanager

founded 1 year ago

ADMINS

mrmanager

Buelldozer

Reuters — Reddit’s golden geese foul up its IPO plans (www.reuters.com)

submitted 1 year ago* (last edited 1 year ago) by can@sh.itjust.works to c/reddit@lemmy.ml

4 comments fedilink

Still, with a chunk of Reddit shut down, there’s no initial public offering. So if Huffman really wants to go public, he will need to find a way to align moderators and investors. One option would be to pay mods, or – if they don’t want to become de-facto employees – reward them in other ways. For example, he has pledged to develop new tools to replace the beloved apps. Either path involves higher costs, and a more tortuous path to profitability.

In short, the mods have shown that Reddit needs a business-model tweak. And potential investors will want to see it in action before shelling out for the shares, which makes a rushed IPO seem unwise. The self-branded “front page of the internet” has been waiting to IPO since 2021; it may have to moderate its expectations again.

-10

Reddit’s golden geese foul up its IPO plans (www.reuters.com)

submitted 1 year ago by RandAlThor@lemmy.ca to c/snoocalypse@lemmy.ml

0 comments fedilink

Reddit’s golden geese foul up its IPO plans (www.reuters.com)

submitted 1 year ago by Kindred87@kbin.social to c/RedditMigration@kbin.social

10 comments fedilink

Thousands of moderators overseeing the site’s subreddits are on strike. It’s a wrinkle in Reddit’s plan to go public, and a sign that plan is premature, columnist Anita Ramaswamy writes.