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Reddit: Return Of The Junk Stock IPO (www.forbes.com)

submitted 4 months ago by KingThrillgore@lemmy.ml to c/technology@lemmy.world

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[–] ininewcrow@lemmy.ca 19 points 4 months ago (1 children)

One of the most convincing points is ...

competition has had many years to acquire Reddit prior to this IPO and have chosen not too. Acquiring Reddit now wouldn’t create all that much value for a competing social platform.

[–] Serinus@lemmy.world 4 points 4 months ago (4 children)

I sure as hell wouldn't acquire a company for a product that has a near identical, free, open-source alternative that's in active use.

[–] NateNate60@lemmy.world 5 points 4 months ago

Well, at least one person thought it was a good idea to acquire a Mastodon competitor, and they paid a pretty penny for it

[–] douglasg14b@lemmy.world 4 points 4 months ago* (last edited 4 months ago) (1 children)

0.1% of the users isn't exactly a threat to their model.

[–] Serinus@lemmy.world 2 points 4 months ago (1 children)

Just like Reddit wasn't a threat to Digg.

[–] douglasg14b@lemmy.world 1 points 4 months ago

The scale is immensely and massively different. Modern social media is not going away, the digg phenomena was one driven by a much smaller number of more passionate users.

That much smaller number of more passionate users has already left Reddit.

[–] KingThrillgore@lemmy.ml 3 points 4 months ago* (last edited 4 months ago)

Compare to Lemmy's userbase, which is anti-capitalist and clearly has a bone to pick with reddit. If I had to value Lemmy it would be for the cost of hardware and operations alone.

Which is kinda what Reddit should be valued at, because its a community oriented site, the value is never in the contributions. You can't guarantee their engagement. They can always pack up and leave. Anyone thinking there's a value in community oriented sites is being fooled.

I know people are gonna think "daaaamn, you just shit over lemmy too" but Lemmy makes no illusion of it, its a community funded effort, so the product offering is going to be suited to its audience, and this helps engagement. Reddit has no greater objective than tricking advertisers that people will visit.

[–] jkrtn@lemmy.ml 1 points 4 months ago

I absolutely would, for the users. But only if the userbase wasn't full of Nazis and pedophiles, so reddit is still a no for me.