this post was submitted on 18 Jan 2024
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Technology

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[–] Pons_Aelius@kbin.social 72 points 9 months ago* (last edited 9 months ago) (1 children)

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.

[–] lemmyvore@feddit.nl 3 points 9 months ago* (last edited 9 months ago) (1 children)

It would be such a pity if it turns out the protests caused him to miss the good window.

[–] Max_P@lemmy.max-p.me 57 points 9 months ago (3 children)

Time to fire up the protests again and shut down major subreddits again.

[–] Pons_Aelius@kbin.social 45 points 9 months ago (5 children)

Honestly, why bother?

Management has been wanting to cash out for a decade.

The IPO will go ahead, the reddit of the days of yore is dead. It will not improve.

The horse is dead, beating it will just make you hot, sweaty and your arm sore.

No matter what you feel about the place it was never going to go any other way.

[–] SnotFlickerman@lemmy.blahaj.zone 13 points 9 months ago (1 children)

It's like thinking one final shopping spree at Toys'R'Us would have stopped the hedge fund flunkies from siphoning every last cent out of the company.

They already made the decision. The data doesn't matter (much like the Work From Home / Return To Office fight) and the decision has been made to squeeze profits until it is bled dry.

They never really cared how the userbase was going to feel about it.

[–] Kbin_space_program@kbin.social 6 points 9 months ago* (last edited 9 months ago) (1 children)

A new protest and shutdown would be to get it into the media eye in a bad light. Not actually do anything of importance to the site.

After all, the 24 hour news cycle lives on scandals.

[–] Pons_Aelius@kbin.social 6 points 9 months ago

After all, the 24 hour news cycle lives on scandals.

And because it is a 24 hour cycle, the scandal will be forgotten and replaced with a new one in the same amount of time.

[–] Ghostalmedia@lemmy.world 6 points 9 months ago (1 children)
[–] Pons_Aelius@kbin.social 4 points 9 months ago

Well, if it brings you joy, fill your boots.

[–] JoMiran@lemmy.ml 5 points 9 months ago (1 children)

...beating it will just make you hot, sweaty and your arm sore.

⁠(⁠ ͡⁠°⁠ ͜⁠ʖ⁠ ͡⁠°⁠)⁠

[–] Pons_Aelius@kbin.social 1 points 9 months ago

Are we still doing phrasing?

[–] TigrisMorte@kbin.social 4 points 9 months ago

Going to be a whole new world of monetization to satisfy the share holders.

[–] FartsWithAnAccent@lemmy.world 2 points 9 months ago (3 children)

The horse is dead, beating it will just make you hot, sweaty and your arm sore.

Are we really going to overlook the smell?

[–] dandroid@dandroid.app 3 points 9 months ago

You haven't thought of the smell, you bitch!

[–] Pons_Aelius@kbin.social 2 points 9 months ago (1 children)

From the horse or the person swinging the stick?

(When people let their anger get the best of them they often, regrettably, start to resemble the focus of their anger.)

[–] FartsWithAnAccent@lemmy.world 1 points 9 months ago* (last edited 9 months ago)

From the horse or the person swinging the stick?

Yes.

[–] SharkAttak@kbin.social 2 points 9 months ago (1 children)
[–] FartsWithAnAccent@lemmy.world 1 points 9 months ago

Full body murderboner?

[–] sour@kbin.social 12 points 9 months ago* (last edited 9 months ago)

no

uploadings 1gb noise video better

[–] FenrirIII@lemmy.world 2 points 9 months ago

They don't care. Reddit does not give a shit about its users.

[–] bdonvr@thelemmy.club 23 points 9 months ago (1 children)

I give it 2 months before they axe or further cripple old.reddit prior to IPO, should give Lemmy another wave of new users.

[–] stallmer@sopuli.xyz 4 points 9 months ago

If I were them I would definitely keep it up at least until the IPO so they can still count that traffic.

[–] balancedchaos@lemmy.world 22 points 9 months ago (1 children)

Oh, not a good time to do that. I wonder if something forced their hand to do an IPO during an economic downturn.

[–] BritishDuffer@lemmy.world 37 points 9 months ago

Yeah, spez wants to get paid before the whole thing comes crashing down.

[–] belated_frog_pants@beehaw.org 10 points 9 months ago

Im sure content will just exponentially increase in quality once the only thing that is important is "stonks go up".

[–] Faceman2K23@discuss.tchncs.de 9 points 9 months ago (1 children)

A certain Steve miller band song comes to mind.

[–] Pons_Aelius@kbin.social 9 points 9 months ago* (last edited 9 months ago)

Take The Money and Run?

I was thinking more along the lines of: The Gambler

You got to know when to hold 'em, know when to fold 'em

Know when to walk away and know when to run

Except they should have walked away about 4 years ago...when their chip stack was a much larger pile. Now they are trying to run with what they have left.

[–] FartsWithAnAccent@lemmy.world 8 points 9 months ago (1 children)
[–] FartsWithAnAccent@kbin.social 4 points 9 months ago (2 children)

I agree with you, Lemmy World version of me.

[–] FartsWithAnAccent@lemmy.world 1 points 9 months ago

I see you, Kbin me.

[–] FartsWithAnAccent@kbin.social 1 points 9 months ago

Yeah you do buddy, yeah you do.

[–] Truck_kun@beehaw.org 3 points 9 months ago

I think this is a great time for remaining Reddit users to do a 3 month Reddit detox.

[–] JoMiran@lemmy.ml 2 points 9 months ago

Puts on that IPO.

[–] BarrierWithAshes@kbin.social 2 points 9 months ago

Oh man. This is gonna be fun. I already got all the stuff I need off the site. I can't wait.