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

4673 readers

1 users here now

SNOOcalypse is closing down. If you wish to talk about Reddit, check out [email protected], [email protected] and [email protected].

This community welcomes anyone who wants to see Reddit gone. Nuke the Snoo!

When sharing links, please also share an archived version of the target of your link.

Rules:

Follow lemmy.ml's global rules and code of conduct.
Keep it on-topic.
Don't promote illegal stuff here.
Don't be stupid, noisy, obnoxious or obtuse (S.N.O.O.)
Have fun, and enjoy the popcorn! 🍿

founded 1 year ago

MODERATORS

[email protected]

160

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

submitted 11 months ago by [email protected] to c/[email protected]

65 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 10 points 11 months ago (1 children)

Let them waste their money. If you gave me the choice, I'd rather invest in FTX in late 2023 or Volkswagen in the middle of their emission scandle!

[–] [email protected] 3 points 11 months ago

ironically investing between the middle and the end of a company crisis is a good idea if you are certain the company will come out in one piece at the end because the price is about as low as it will get due to the fresh outrage. Of course if the company goes under that's a different story