this post was submitted on 12 Jun 2023
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Lemmy.World Announcements

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[–] Zeus@lemmy.world 11 points 2 years ago (12 children)

somebody else pointed this out, but it's honestly bizarre he's going in on the "we aren't making any money" ploy in preparation for the ipo

what's the pitch to the investors? "please by shares in this unprofitable company, in the hope that we can become profitable by pissing off our userbase"?

[–] TeaHands@lemmy.world 10 points 2 years ago (3 children)

"We're not afraid to make the tough decisions and purposefully alienate our longest-standing users, the ones who know about things like adblock and try to hold us accountable to things we said a decade ago. Please give us money for this new sleeker userbase without any of those pesky olds."

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[–] dminus@sh.itjust.works 10 points 2 years ago (5 children)

I find it funny that a 3rd party app can be "profitable" but reddit cant be profitable without alienating a sizeable chunk of their userbase.

Reddit has increasingly become a cesspit of racism and bigotry anyways, and I find Im going there less and less.

I need to get used to how lemmy works and find my 3d printing people here.

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Yeah, this sounds like the reddit I've come to know πŸ˜’

[–] Devadander@lemmy.world 10 points 2 years ago

Article from June 9, before the outages

[–] Dick@lemmy.world 9 points 2 years ago

Wow they’re really doubling down. Guess this means the end of Reddit.

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