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Reddit seeks to launch IPO in March
(www.reuters.com)
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this post was submitted on 18 Jan 2024
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Shorting the hell out of this one.
My bet is that their valuation is going to be ridiculous and the price will drop like a rock for at least 6 months to a year
Ya, this seems like a bad investment. And the need to turn a profit will likely lead to a worse and worse user experience as Reddit tries to monetize them.
Yep.
Al the "disrupt the system" tech is just something that people use because it operates at a lose. The vast majority of the time the changes to turn a profit kill the platform.
Twitter has been around forever, and never turned a profit.
That didn't stop an egotistical idiot from spending billions in it tho. Because he thought he was smart enough to easily do it.
spez is using Musk’s Twitter business model. it’s sure to work— just not the way he hopes…
If they can't make a profit now I'm not sure how they expect to get more and more profits every year / quarter for the investors to pocket.
Especially the worse the AI botting problem will become. Let us hope Lemmy will have good tools and a community to mitigate that.