this post was submitted on 29 Oct 2023
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.
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Well in the reddit case there's a payoff and then one gets to walk away from the sinking ship. They just need to get things pumped up for the IPO and then who cares what happens from there. It's time to cash out and it becomes someone else's problem to deal with.
This IPO is the only thing that going to give them anything remotely near Musk money and it's not going to anywhere near at much where one can crash and burn another social media site for the hell of it...
Which I don't get, all they have done for months(years really) is make the site less attractive to users, and therefore less attractive to investors. They did all the shitty stuff you do to maintain piece of shit shareholders BEFORE THEY HAD THE SHAREHOLDERS!
They probably have to show revenue
It's like those recent news about netflix rising prices and preventing password share. They don't care about users' experience, or if 10% of the userbase will leave, as long as the revenue increases.
And that's why it's so awesome that Reddit users got together and did a protest that dumped the valuation of Reddit stock just as Spez was trying to sell it