Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.
Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.
I have a different take on this. Spez is the reason we even have a viable alternative to Reddit.
Many Reddit competitors have come and gone over the years. Among the few I have used including Hubski, Snapzu, SaidIt, Voat, Ruqqus, Tildes and Syzitus, I have seen these platforms either turn into walled-off gardens with strict moderation (Snapzu & Tildes), fail to attract a user base (Syzitus & Hubski) or get commandeered by banned Reddit users and become right wing shitholes.
Lemmy is the closest we’ve ever come to circa 2012 Reddit and frankly, I hope it doesn’t become mainstream.
I don’t want to sound like some kind of pretentious hipster but going mainstream was what killed Reddit for me.
Yeah this feels real. Redditors felt inauthentic constantly worried about not getting downvoted.