Comment on Reddit: Return Of The Junk Stock IPO
ininewcrow@lemmy.ca 6 months agoOne 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 6 months ago
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 6 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
KingThrillgore@lemmy.ml 6 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. They can always pack up and leave. Anyone thinking there’s a value in community oriented sites is being fooled.
douglasg14b@lemmy.world 6 months ago
0.1% of users isn’t exactly a threat to their model.
Serinus@lemmy.world 6 months ago
Just like Reddit wasn’t a threat to Digg.
douglasg14b@lemmy.world 6 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.
jkrtn@lemmy.ml 6 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.