Lemmy Mengsk
  • Communities
  • Create Post
  • Create Community
  • heart
    Support Lemmy
  • search
    Search
  • Login
  • Sign Up
ardi62@lemmy.wtf to Technology@lemmy.mlEnglish · 1 year ago

Reddit seeks to launch IPO in March

www.reuters.com

external-link
message-square
34
fedilink
  • cross-posted to:
  • reddit@lemmy.ml
  • technology@lemmy.world
100
external-link

Reddit seeks to launch IPO in March

www.reuters.com

ardi62@lemmy.wtf to Technology@lemmy.mlEnglish · 1 year ago
message-square
34
fedilink
  • cross-posted to:
  • reddit@lemmy.ml
  • technology@lemmy.world
alert-triangle
You must log in or register to comment.
  • Pons_Aelius@kbin.social
    link
    fedilink
    arrow-up
    73
    ·
    edit-2
    1 year 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.

    • lemmyvore@feddit.nl
      link
      fedilink
      English
      arrow-up
      3
      ·
      edit-2
      1 year ago

      It would be such a pity if it turns out the protests caused him to miss the good window.

      • cosmic_slate@dmv.social
        link
        fedilink
        English
        arrow-up
        2
        ·
        1 year ago

        deleted by creator

  • Max-P@lemmy.max-p.me
    link
    fedilink
    arrow-up
    59
    ·
    1 year ago

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

    • Pons_Aelius@kbin.social
      link
      fedilink
      arrow-up
      48
      arrow-down
      1
      ·
      1 year 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@lemmy.blahaj.zone
        link
        fedilink
        English
        arrow-up
        13
        ·
        1 year 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@kbin.social
          link
          fedilink
          arrow-up
          6
          ·
          edit-2
          1 year 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@kbin.social
            link
            fedilink
            arrow-up
            7
            arrow-down
            1
            ·
            1 year 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.

      • Ghostalmedia@lemmy.world
        link
        fedilink
        English
        arrow-up
        6
        ·
        1 year ago

        why bother?

        For the lulz

        • Pons_Aelius@kbin.social
          link
          fedilink
          arrow-up
          4
          ·
          1 year ago

          Well, if it brings you joy, fill your boots.

      • Jo Miran@lemmy.ml
        link
        fedilink
        arrow-up
        5
        ·
        1 year ago

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

        ⁠(⁠ ͡⁠°⁠ ͜⁠ʖ⁠ ͡⁠°⁠)⁠

        • Pons_Aelius@kbin.social
          link
          fedilink
          arrow-up
          1
          ·
          1 year ago

          Are we still doing phrasing?

      • TigrisMorte@kbin.social
        link
        fedilink
        arrow-up
        4
        ·
        1 year ago

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

      • FartsWithAnAccent@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        ·
        1 year 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?

        • Dandroid@dandroid.app
          link
          fedilink
          arrow-up
          3
          ·
          1 year ago

          You haven’t thought of the smell, you bitch!

        • SharkAttak@kbin.social
          link
          fedilink
          arrow-up
          2
          ·
          1 year ago

          Not to mention the boner?

          • FartsWithAnAccent@lemmy.world
            link
            fedilink
            English
            arrow-up
            1
            ·
            1 year ago

            Full body murderboner?

        • Pons_Aelius@kbin.social
          link
          fedilink
          arrow-up
          2
          ·
          1 year 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@lemmy.world
            link
            fedilink
            English
            arrow-up
            1
            ·
            edit-2
            1 year ago

            From the horse or the person swinging the stick?

            Yes.

    • sour@kbin.social
      link
      fedilink
      arrow-up
      14
      arrow-down
      1
      ·
      edit-2
      1 year ago

      no

      uploadings 1gb noise video better

    • FenrirIII@lemmy.world
      link
      fedilink
      arrow-up
      3
      ·
      1 year ago

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

  • bdonvr@thelemmy.club
    link
    fedilink
    arrow-up
    23
    ·
    1 year 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.

    • stallmer@sopuli.xyz
      link
      fedilink
      English
      arrow-up
      4
      ·
      1 year ago

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

  • balancedchaos@lemmy.world
    link
    fedilink
    arrow-up
    22
    ·
    1 year 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@lemmy.world
      link
      fedilink
      arrow-up
      37
      ·
      1 year ago

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

  • belated_frog_pants@beehaw.org
    link
    fedilink
    arrow-up
    10
    ·
    1 year ago

    Im sure content will just exponentially increase in quality once the only thing that is important is “stonks go up”.

  • Faceman🇦🇺@discuss.tchncs.de
    link
    fedilink
    English
    arrow-up
    10
    arrow-down
    1
    ·
    1 year ago

    A certain Steve miller band song comes to mind.

    • Pons_Aelius@kbin.social
      link
      fedilink
      arrow-up
      9
      ·
      edit-2
      1 year 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.

  • FartsWithAnAccent@lemmy.world
    link
    fedilink
    English
    arrow-up
    9
    arrow-down
    1
    ·
    1 year ago

    Hope Spez eats shit lol

    • FartsWithAnAccent@kbin.social
      link
      fedilink
      arrow-up
      5
      arrow-down
      1
      ·
      1 year ago

      I agree with you, Lemmy World version of me.

      • FartsWithAnAccent@kbin.social
        link
        fedilink
        arrow-up
        1
        ·
        1 year ago

        Yeah you do buddy, yeah you do.

      • FartsWithAnAccent@lemmy.world
        link
        fedilink
        English
        arrow-up
        1
        ·
        1 year ago

        I see you, Kbin me.

  • Truck_kun@beehaw.org
    link
    fedilink
    English
    arrow-up
    3
    ·
    1 year ago

    I think this is a great time for remaining Reddit users to do a 3 month Reddit detox.

  • Jo Miran@lemmy.ml
    link
    fedilink
    arrow-up
    2
    ·
    1 year ago

    Puts on that IPO.

  • BarrierWithAshes@kbin.social
    link
    fedilink
    arrow-up
    2
    ·
    1 year ago

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

Technology@lemmy.ml

technology@lemmy.ml

Subscribe from Remote Instance

Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !technology@lemmy.ml

This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.


Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.


Rules:

1: All Lemmy rules apply

2: Do not post low effort posts

3: NEVER post naziped*gore stuff

4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.

5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)

6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist

7: crypto related posts, unless essential, are disallowed

Visibility: Public
globe

This community can be federated to other instances and be posted/commented in by their users.

  • 232 users / day
  • 932 users / week
  • 2.52K users / month
  • 7.77K users / 6 months
  • 1 local subscriber
  • 37.9K subscribers
  • 2.48K Posts
  • 25.5K Comments
  • Modlog
  • mods:
  • MinutePhrase@lemmy.ml
  • BE: 0.19.8
  • Modlog
  • Instances
  • Docs
  • Code
  • join-lemmy.org