this post was submitted on 29 Nov 2023
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.

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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.

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[โ€“] DarkThoughts@kbin.social -5 points 11 months ago (1 children)

Yeah, nice gaslighting buddy but I am very much capable of reading bad faith arguments.

[โ€“] neshura@bookwormstory.social 5 points 11 months ago (1 children)

sure buddy, it's the beginning of a bad faith argument and gaslighting, suree.... If it helps you sleep better we can all pretend that's what it is and not just some random people genuinely interested in that data.

[โ€“] DarkThoughts@kbin.social -4 points 11 months ago

Thanks for proving my point. ๐Ÿคก