If the market for initial public offerings recovers in the new year, one company that aims to go public early on is Reddit. An IPO will put the spotlight on the prospects for Reddit’s advertising business, which has fallen short of ambitious growth targetsoutlined by executives two years ago. ...
  • Ahri BoyEnglish
    33•9 months ago

    2024 is literally a year of leaving Reddit for Lemmy.

    • tb_English
      24•9 months ago

      Because 2023 wasn’t?

      To elaborate: what Reddit did this year wasn’t enough for a (major) mass migration. I very much doubt even more ads will deter those that have stuck around so far. Perhaps there’ll be a trickle, but I don’t see anything happening like what was the case for Digg back in the day.

      • @[email protected]English
        34•9 months ago

        This will trigger an enshittification cycle.

          1. Underperformance per-quarter resulting in anti-user actions to increase profits.
          1. Users leave because of anti-user actions.
          1. Profits will decrease as users leave until the end of quarter.
          1. Return to Step 1.
        • @MangoEnglish
          7•9 months ago

          This sounds like accelerationism. 🤣

          The thing is, I’m pretty sure you nailed it.

          • @[email protected]English
            8•9 months ago

            I mean it will help Lemmy. But It certainly will result in more EEE attempts on the fediverse.

            • @MangoEnglish
              1•9 months ago

              We just gotta make like Naruto when he’s learning to hijack the kyuubi chakra for himself!

              • Ahri BoyEnglish
                1•9 months ago

                Smaller instance admins are ready for defederating big websites in the event of adopting ActivityPub. Bluesky server owners should have the power to filter out content and defederate from other servers.