SNOOcalypse - document, discuss, and promote the downfall of Reddit.

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In unsurprising news, Reddit prepares IPO (www.businessinsider.com)

submitted 10 months ago by cygnus@lemmy.ca to c/snoocalypse@lemmy.ml

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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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[–] Anticorp@lemmy.world 11 points 10 months ago* (last edited 10 months ago)

It's amazing to me that these internet billionaires have really cool, popular, useful websites that are unique, and used for their uniqueness. Then they spend all their time and money trying to make the site into a clone of some other popular site because they view them as competitors. What they actually end up doing is destroying what made their website special to begin with, and then we the users end up with a few sites that are desperately trying to clone each other, that don't actually work well for anything anymore.