The users, and only users, need to be the shareholders. A bunch of useless venture capitalist parasites should never again be allowed to own and destroy our public spaces.
this post was submitted on 26 Dec 2023
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If y'all stop investing your time and energy into private companies as if they're the public interest, we wouldn't have these issues.
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Good. fuck'em.
Spez, self styled content king, screwed by own outsized ego and underwhelming intellect.
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2024 is literally a year of leaving Reddit for Lemmy.
Because 2023 wasn't?
To elaborate: what Reddit did this year wasn't enough for a (major) mass migration. I very much doubt even more ads will deter those that have stuck around so far. Perhaps there'll be a trickle, but I don't see anything happening like what was the case for Digg back in the day.
This will trigger an enshittification cycle.
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- Underperformance per-quarter resulting in anti-user actions to increase profits.
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- Users leave because of anti-user actions.
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- Profits will decrease as users leave until the end of quarter.
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- Return to Step 1.
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Fuck Spez.
oh no! anyways...
I’d rather not even see that cunts face
Mandatory Fuck Spez comment
Smoke a turd, spez. 😘
that's what they get for perma-banning all their human users.
Smoke a massive bag of dicks spez
Remember when the IPO was supposed to be in 2021? Then it was 2022? 2023?
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Since there's a paywall, I can't see the whole article but does this imply there was still positive ad growth and they just missed their goal or there was no or negative ad growth?
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Nobody saw this coming… /s