640
The Reddit Protest Is Finally Over. Reddit Won.
(gizmodo.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 05 Aug 2023
640 points (85.4% liked)
Technology
59415 readers
1166 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
Nobody cares though. The reddit administration has dethroned their own site, it will never gain that back. They're done, even if the site hangs around like a bad smell for a few more years.
Maybe they 'won', but I don't count a pyrrhic victory as winning. It will take years to recover.
They won't recover.
I would desperately love to know what they estimated the IPO at before and after this whole mess.
Is also worth remembering that the person doing the estimate was insane. Even before all of the process the site was never worth the four billion dollars or whatever the hell that stupid number was.
The site was massively valued because of the user data not for the site itself now that a lot of the user data is gone and not a lot of new user data is being generated the site is less valuable. The websites still exists of course but that was never the valuable bit of it.