this post was submitted on 07 Jan 2024
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.

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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.

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[โ€“] cyborganism@lemmy.ca 156 points 10 months ago (16 children)

Let the enshittification ~~begin~~ continue. Now that stockholders will be expecting increasing profits, I don't see how Reddit can remain free to use.

[โ€“] lvxferre@lemmy.ml 74 points 10 months ago* (last edited 10 months ago) (8 children)

I feel like Greedy Pigboy and Reddit Inc. as a whole deserve to be punished, for all that "my precious data! No, it is not the users', IT IS MINE! MY PRECIOUS!" fiasco. Enshittification will happen either way.

[โ€“] cyborganism@lemmy.ca 40 points 10 months ago (6 children)

Exactly. Reddit has been building this huge knowledge base for well over a decade. Built by the users themselves. He knows what he's got.

I think I'll go ahead and log back in and delete all my old posts and comments. Fuck him.

[โ€“] nukul4r@feddit.de 1 points 10 months ago

People did that, and they restored the posts...

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