• SuitedUpDevOP
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      1 year ago

      That was probably the goal of this whole endeavor. Make Reddit pretty for outside (who doesn’t really know a lot about Reddit, other then it’s name) for an IPO and let the retail investors hold the bag.

      • Gsteel11@lemmy.world
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        1 year ago

        Oh, maybe. A big push before the sell. Too bad they’re down. Talk about a critical point to go down.

        • SuitedUpDevOP
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          1 year ago

          Haha yeah… My outside guess is that their feedbuilder is down. I just checked, browsing individual subreddits (the few that are still viewablwe lol) does work.

  • jerkface@lemmy.ca
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    1 year ago

    This is pretty uninformed. Users have never, ever made Reddit a cent of profit. They were never meant to. The whole plan all along was to sell out. The original crew sold out to Conde Nast and got rich. Conde Nast is selling out to investors in the LLM and general AI space, who want to use all the data that Reddit’s users have lovingly authored for Reddit to train their networks. The idea that upsetting the users is a problem for Reddit is as backwards as thinking that upsetting the pig is a problem for the slaughterhouse.

    • SuitedUpDevOP
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      1 year ago

      This is pretty uninformed. Users have never, ever made Reddit a cent of profit.

      Rhetorical question, where do you think Reddit gets it’s value from. Let me tell you, it’s User Generated Content (or USG for short). Or in other words, stuff that user created, up (and down) voted and user comments. Do you really think Reddit would even get advertiser money or investment money, if there weren’t any users . Of course not. So who created that data for Reddit to profit from ? Right, that’s the users.

      No users == no usecase == no money. It’s that simple.