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/r/theoryofreddit post asking why reddit seems dead
(lemmy.world)
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this post was submitted on 28 Feb 2024
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The whole idea is a grift. They are directly appealing to people who largely should not be buying shares due to their financial situation and are a lot less critical of the pretty poor numbers they published than professional ~~exploiters~~ investors will be.
Obviously this is done in hopes of selling more shares and binding users long term, though that will probably just accelerate the enshittification because suddenly the last remaining power users are turned into shareholders instead
Right but the whole "give us all your info and MAYBE you can buy stock" is the part that sounds like a secondary grift. If they wanted to pump they could just have some set amount and do a first come first serve right off the bat.