Comment on Reddit: Return Of The Junk Stock IPO
Serinus@lemmy.world 6 months agoI 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.
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.
0.1% of users isn’t exactly a threat to their model.
Just like Reddit wasn’t a threat to Digg.
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.
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.
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