Reddit faces new reality after cashing in on its IPO

Comments

• BigMikeInAustin@lemmy.world ⁨8⁩ ⁨months⁩ ago

  When did Reddit answer to any users?

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  • givesomefucks@lemmy.world ⁨8⁩ ⁨months⁩ ago

    About 15 years ago.

    When they first got popular and had to ban all the pedo subs because people were pissed

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  • Anticorp@lemmy.world ⁨8⁩ ⁨months⁩ ago

    All the time. The answers were usually to the tone of “lol, fuck you”.

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• homesweethomeMrL@lemmy.world ⁨8⁩ ⁨months⁩ ago

  Hey member that time AOL bought Warner Brothers. And everybody was all “wow these internet companies are here to stay!”

  Lol

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• happybadger@hexbear.net ⁨8⁩ ⁨months⁩ ago

  I finally offboarded r/modernart to lemmy.ml/c/modernism today in anticipation of the IPO launch. Already reddit heavily censors and recuperates anything radical. That’s only going to get much worse along with advertising and bots. I can’t see the website lasting in its current form and that’s already pathetic. Lemmy is poised to really take off as reddit ratfucks itself.

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  • TurtleTourParty@midwest.social ⁨8⁩ ⁨months⁩ ago

    !moderism@lemmy.ml for the lazy.

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  • aBundleOfFerrets@sh.itjust.works ⁨8⁩ ⁨months⁩ ago

    Why lemmy.ml?

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    • themachine@lemm.ee ⁨8⁩ ⁨months⁩ ago

      Totally ignorant question from me - why not?

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    • bdonvr@thelemmy.club ⁨8⁩ ⁨months⁩ ago

      lemmy.ml, one of the larger instances and the original? Seems good enough reason to me.

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    • TheVillageGuy@kbin.melroy.org ⁨8⁩ ⁨months⁩ ago

      @happybadger Create your own instance while you still can. If you're interested in hosting large images pick mbin instead of Lemmy and I can help you bypass filesize restrictions

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• Anticorp@lemmy.world ⁨8⁩ ⁨months⁩ ago

  Ha! It’s already falling in price.

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  • bradorsomething@ttrpg.network ⁨8⁩ ⁨months⁩ ago

    If 45 breaks monday this turkey is dead

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• Liz@midwest.social ⁨8⁩ ⁨months⁩ ago

  Can anyone remember what share price Reddit offered to “power users?”

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  • givesomefucks@lemmy.world ⁨8⁩ ⁨months⁩ ago

    IPO price, around $30, so it’s up 50%.

    Normal IPO, you have to hold like 6 months then sell. It artificially increases scarcity and keeps price up.

    The reddit users can sell right now though, and if enough do it at once, it can scare off new buyers and make those who already bought after IPO sell.

    It could waterfall and leave the traditional IPO buyers who can’t sell get stuck holding the bag.

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  • AlexWIWA@lemmy.ml ⁨8⁩ ⁨months⁩ ago

    It was pretty damn high

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• FireTower@lemmy.world ⁨8⁩ ⁨months⁩ ago

  As well as?

  I’m not to sure about that second part.

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• eran_morad@lemmy.world ⁨8⁩ ⁨months⁩ ago

  Lotsa regards gonna be sellin ass behind the Wendy’s dumpster.

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