Technology

Great marketing for an IPO ...... we need enough money to equal three times what our CEO gets

Watch as he burns through it in one:-).

Also, bold of us to assume that he has not already spent it:-P.

Every day the same thing ad nausea. Fascism bad. Sexism bad. Phobia bad. Musk bad. Orange man bad. Inflation bad. Boomers bad. Cats good. Name my rescue dog. Celebrity good. Celebrity dead.

That's not just Reddit. That's the entire Internet right now. Reddit or Lemmy, X or Mastodon, Facebook or anything else on the Fediverse. It's all the same. We are living in a time of mass fear because of several different reasons. War, climate, economy, personal rights... pick whatever topic you want. There's a reason to be angry about it.

We need to go back to the days of happy people sharing their passions, rather than angry people attacking each other. But that won't happen anytime soon.

Your experience is very different from mine. Yoy make it sound rosy over there. In my experience all but a few subs have slipped to the right. I've seen blatantly racist top comments on racist-bait posts on multiple mainstream subs.

I go there still when I want product recommendations that aren't full of marketing/ads. If I use a search engine to search for example, "dashcam recommendations," I get a million results that are sponsored, SEO-optimized, or otherwise garbage. If I go on Reddit, I'll find an entire community devoted to the topic with seemingly real people discussing the pros/cons of all different models.

I've tried searching with Lemmy but most of the time I can't find the answers I'm looking for so end up crawling back to Reddit.

I absolutely don't go there to doomscroll like I used to, I've thankfully moved on from that life.

I've never seen the view of an IPO so heavily affected by bias. Superusers hate Reddit but so what - what matters is whether soccer moms are scrolling and being shown ads. No one cares that the most costly users are unsatisfied. You and me both are nothing to investors.

Is there some objective analysis of this IPO? All I'm seeing is "I'm a superuser who spent a lot of time on Reddit in 2007 and it was far superior back then. The stock will tank."

I guarantee you they do just that if you buy it through some shitty sub-brokerage

The best part is that this whole thing is about having the "opportunity" to purchase reddit stock at its IPO price. This user generated content farm wouldn't dare give away equity for free to users responsible for the site having any past, present, or future value.

I'm not a finance person, but the only gambling I'd do on this company is hope that Wall Street pumps the price post-IPO so I can short it.

My understanding is that the value of each reddit user is priced roughly at $2. A Facebook user is priced at roughly $40. Their only options to maybe be profitable are more enshittification, more users, or both. Or, you know, not paying hundreds of millions of dollars to the execs of an RSS feed with voting and comments.

As someone who was invited to that first group and told them to go fuck themselves, it's actually mostly people who have participated in reddit surveys and reddit mod meetups (where mods from a local area get blasted on Huffman's dime). Almost every mod that I know that went to one of these events got an invite and all of them gave similar answers to me.

Also, 200k karma isn't a ton. It likely places you in the top 1%, but most people don't participate anyways. I had over 300k (I think, I'm not checking) and maybe 1k was from a single post. Everything else was from the occasional comment

For the first group though they didn't actually bother to look into them. The 2 subs I ran have both been private since the last priest despite numerous warnings that I'd be removed if I didn't make them public. And my subs participated in numerous protests before then.

Still a mod on there all this time later!

I'd laugh about this but then I remember that someone recently bought Yahoo for $5B

I was for many years a heavy user and while I liked my niche communities, I abhorred the platform and how it was manipulating us through multiple schemes.

Oddly enough, while the communities here are smaller or nonexistent, the experience seems better and healthier.
Maybe in time this will change too.

Three fiddy.

Best of luck (mean that sincerely)

As someone who dated a stripper in college and got to know a lot of those folks outside of work, trust me, you don’t actually want a stripper girlfriend.

Edit: That said, the guitar is a fine choice.

It seems like these tech IPOs happen when they are at their peak. Get a huge influx of extra cash once user growth starts to slow, pay off your early investors and then self-implode.

Throwing away a perfectly good bitten sandwich like that? smh