• HobbitFoot @thelemmy.club
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    10 months ago

    Why buy it? The CEO has publicly stated they don’t make money while killing two major revenue streams.

  • Pons_Aelius@kbin.social
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    10 months ago

    They are about 2 years too late.

    The rise in interest rates and the end of easy VC money has swung the dial back to: Companies actually need to generate profit and not just show user growth to be attractive to investors.

    The IPO will not go as spez dreamed for so long.

    • Mystic_Vampire@lemmy.world
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      10 months ago

      I agree. The economy is shit right now and I would be amazed that anyone in their right mind would invest in a company whose already lost half their value in just a few years (at least, that’s what I’ve heard. They supposedly went from 10B to 5.5B or something like that). And like you said, interest rates are a factor as well.

      The mods are jumping ship or just straight up abandoning the site, and the slew of NSFW content, real or not, is damaging its advertisement potential. It’s a lemon.

  • Lvxferre@mander.xyz
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    10 months ago

    Eventually the IPO will ruin Reddit, as vulture capital will make sure to extract every single bit of value from the platform as profit. I just wish that Reddit’s downfall happened before that - otherwise spez and other shareholders are still leaving with pockets full of money.

    Also, it would be a shame if a blackout happened near the end of February… or if subreddits went again into “Oliverposting” mode… or if people happened to promote a few Kbin / Lemmy instances…