• Pumpkin Escobar@lemmy.worldEnglish
    43·
    10 months ago

    Shorting the hell out of this one.

    My bet is that their valuation is going to be ridiculous and the price will drop like a rock for at least 6 months to a year

    • sylver_dragon@lemmy.worldEnglish
      29·
      10 months ago

      The company, which generates its revenue primarily through advertising and also offers premium access for $5.99 per month, has yet to turn a profit

      Ya, this seems like a bad investment. And the need to turn a profit will likely lead to a worse and worse user experience as Reddit tries to monetize them.

      • givesomefucks@lemmy.worldEnglish
        12·
        10 months ago

        Yep.

        Al the “disrupt the system” tech is just something that people use because it operates at a lose. The vast majority of the time the changes to turn a profit kill the platform.

        Twitter has been around forever, and never turned a profit.

        That didn’t stop an egotistical idiot from spending billions in it tho. Because he thought he was smart enough to easily do it.

      • gregorum@lemm.eeEnglish
        7·
        10 months ago

        spez is using Musk’s Twitter business model. it’s sure to work— just not the way he hopes…

      • Pyr_Pressure@lemmy.ca
        2·
        10 months ago

        If they can’t make a profit now I’m not sure how they expect to get more and more profits every year / quarter for the investors to pocket.

    • Aurix@lemmy.world
      8·
      10 months ago

      Especially the worse the AI botting problem will become. Let us hope Lemmy will have good tools and a community to mitigate that.

  • HowMany
    16·
    10 months ago

    And this is why we’ve all been leaving.

      • MDKAODEnglish
        9·
        10 months ago

        I moderated a very small local county subreddit. It was a ghost town behind another larger county subreddit so when the blackout occurred, I just went dark. Received the same threatening dm everyone else received, then eventually removed as moderator. I suspect I have since been shadowbanned. I can’t prove it, but replies to comments made are late now and after the conversation has moved on. Vote count also sits at one for 24 hours or so. Again, pure speculation. But something is weird and reddit has definitely changed in the last year. Coinsiding with this change, the user base has become significantly younger very quickly.

  • Pons_Aelius@kbin.social
    14·
    10 months 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.

  • leaskovski@kbin.social
    13·
    10 months ago

    This is it then. The IPO will push them into more money making ideas this pushing more users away and into the fediverse