this post was submitted on 29 Nov 2023
157 points (96.4% liked)

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 !reddit@lemm.ee, !reddit@lemmy.world and !RedditMigration@kbin.social.

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When sharing links, please also share an archived version of the target of your link.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

  1. Follow lemmy.ml's global rules and code of conduct.
  2. Keep it on-topic.
  3. Don't promote illegal stuff here.
  4. Don't be stupid, noisy, obnoxious or obtuse (S.N.O.O.)
  5. Have fun, and enjoy the popcorn! ๐Ÿฟ

founded 1 year ago
MODERATORS
lvxferre@lemmy.ml
157
Reddit might once again be flirting with an IPO (techcrunch.com)
submitted 11 months ago by lvxferre@lemmy.ml to c/snoocalypse@lemmy.ml
68 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
[โ€“] BarrierWithAshes@kbin.social 54 points 11 months ago (1 children)

Once again? I thought they were already in the process of it. The API-change was just another piece of it.

[โ€“] lvxferre@lemmy.ml 34 points 11 months ago (1 children)

They've been talking about IPO for a few years, but apparently this time it's a bit more serious. Unless something happens that throws their valuation down the drain.