• Pons_Aelius
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    5 months ago

    They are about 2 years too late.

    The rise in interest rates and the end of easy VC money has swung the dial back to: Companies actually need to generate profit and not just show user growth to be attractive to investors.

    The IPO will not go as spez dreamed for so long.

  • Max-P
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    545 months ago

    Time to fire up the protests again and shut down major subreddits again.

    • Pons_Aelius
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      455 months ago

      Honestly, why bother?

      Management has been wanting to cash out for a decade.

      The IPO will go ahead, the reddit of the days of yore is dead. It will not improve.

      The horse is dead, beating it will just make you hot, sweaty and your arm sore.

      No matter what you feel about the place it was never going to go any other way.

      • Snot Flickerman
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        125 months ago

        It’s like thinking one final shopping spree at Toys’R’Us would have stopped the hedge fund flunkies from siphoning every last cent out of the company.

        They already made the decision. The data doesn’t matter (much like the Work From Home / Return To Office fight) and the decision has been made to squeeze profits until it is bled dry.

        They never really cared how the userbase was going to feel about it.

        • Kbin_space_program
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          5 months ago

          A new protest and shutdown would be to get it into the media eye in a bad light. Not actually do anything of importance to the site.

          After all, the 24 hour news cycle lives on scandals.

          • Pons_Aelius
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            55 months ago

            After all, the 24 hour news cycle lives on scandals.

            And because it is a 24 hour cycle, the scandal will be forgotten and replaced with a new one in the same amount of time.

      • Jo Miran
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        55 months ago

        …beating it will just make you hot, sweaty and your arm sore.

        ⁠(⁠ ͡⁠°⁠ ͜⁠ʖ⁠ ͡⁠°⁠)⁠

      • TigrisMorte
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        55 months ago

        Going to be a whole new world of monetization to satisfy the share holders.

      • FartsWithAnAccent
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        25 months ago

        The horse is dead, beating it will just make you hot, sweaty and your arm sore.

        Are we really going to overlook the smell?

        • Pons_Aelius
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          25 months ago

          From the horse or the person swinging the stick?

          (When people let their anger get the best of them they often, regrettably, start to resemble the focus of their anger.)

          • FartsWithAnAccent
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            5 months ago

            From the horse or the person swinging the stick?

            Yes.

    • sour
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      5 months ago

      no

      uploadings 1gb noise video better

    • FenrirIII
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      25 months ago

      They don’t care. Reddit does not give a shit about its users.

  • @balancedchaos
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    255 months ago

    Oh, not a good time to do that. I wonder if something forced their hand to do an IPO during an economic downturn.

    • @BritishDuffer
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      415 months ago

      Yeah, spez wants to get paid before the whole thing comes crashing down.

  • @[email protected]
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    215 months ago

    I give it 2 months before they axe or further cripple old.reddit prior to IPO, should give Lemmy another wave of new users.

    • @[email protected]
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      45 months ago

      If I were them I would definitely keep it up at least until the IPO so they can still count that traffic.

    • Pons_Aelius
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      5 months ago

      Take The Money and Run?

      I was thinking more along the lines of: The Gambler

      You got to know when to hold 'em, know when to fold 'em

      Know when to walk away and know when to run

      Except they should have walked away about 4 years ago…when their chip stack was a much larger pile. Now they are trying to run with what they have left.

  • BarrierWithAshes
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    15 months ago

    Oh man. This is gonna be fun. I already got all the stuff I need off the site. I can’t wait.