Reddit Inc. is weighing feedback from early meetings with potential investors in its initial public offering that it should consider a valuation of at least $5 billion, according to people familiar with the matter, even as it is estimated below that figure in the volatile market for shares of private companies.
Probably an unpopular opinion here, but honestly I’d rather just everyone migrate to lemmy and mastodon and leave reddit and twitter broke and empty husks. A low quality federated platform is still better than a mediocre centralized one.
For “us” e.g. the users of the federated platforms i’d prefer the smaller, nicer and more qualitative community we have currently.
For the users of reddit there is the ones that also want this experience (again) and i am confident they’ll find their way eventually.
For the users of reddit that just want the quick meme/outrage video and farm karma on the ever same joke-chains, i think they are in the better spot for themselves than it would become if they’d clash here with the different culture.
For society as a whole i think enshittification is necessary to drive people off of platforms eventually. I wholeheartedly agree, that the enshittified web needs to go down, but it can only come from people realizing it for themselves.