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

submitted 9 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.

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[-] [email protected] 54 points 9 months ago

Imagine investing in reddit, an actively hostile user base that will do anything to avoid ads and will completely bolt if you take the porn away.

[-] [email protected] 14 points 9 months ago

They’ve already ran plenty of us off too. I used it for more than a decade. I miss good video subs though.

[-] [email protected] 5 points 9 months ago

I'm waiting for peertube to get sorted, hopefully doesn't take too long.

[-] [email protected] 11 points 9 months ago* (last edited 9 months ago)

Think of the astroturfing opportunities!!

this post was submitted on 29 Nov 2023

160 points (96.5% liked)

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