this post was submitted on 11 Jun 2023
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Technology
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Wow, I am surprised they would go this far if I'm honest.
They are relying on technology illiterate investors not understanding what the issues are.
Sure, but imagine telling your technically illiterate investors that you blocked a bunch of active users as an "experiment". I can't imagine that going over well lol
I got this. "Hey investors, if we do this we'll maximize our profits in the long run and minimize our losses in the short run."
But even those guys will ask for user numbers, and if those are not steadily growing, Reddit's net worth suffers massively. Potential for steady growth and montarization are the only metrics investors care about.
Reddit can easily manipulate user numbers in a way that would absolutely mislead tech-illiterate investors
Look at how many companies such as Twitter and Tumblr have only had a one or two years where they were generating a profit. For every educated investor there's 10 more willing to put money into "the next big thing". Elon Musk has shown that's trying to sell user data at high costs to AI devs.