What’s Reddit
So I really hope Lemmy ramps up infrastructure before then XD
Suit yourself, I guess! :-P
I often up-vote people that disagree with me, most especially when they are right and I am wrong.:-)
But I can’t stand trolls - even when they speak the truth they do so in such an offensive manner.
Looks like it’s shorts in March for 2024
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.
They rise in interest rates and the end of easy VC money has swung the dial back to: Companies actually to generate profit and not just show user growth to be attractive to investors.
Yep, but also, I think spez is done. He’s just cashing out and fuck you etc… etc…
He’ll catch enough to successfully eject and thats that for him. Reddit will die. But we’ll have survived, and the open web will continue.
Yes, he will cash out but I feel it will only be a fraction of what he hoped to get.
He will be comfortably rich but to someone who expected to be obscenely rich, he will see it as a failure.
Serves him right for pissing on Aaron Swartz’s grave. In fact, it’s hardly justice.
I’m not convinced Reddit will die. I think it will continue to limp along in its zombie state. But I kind of wish you were right, just because I’m still a bit mad about it.
I think it will continue to limp along in its zombie state.
Well, Digg still exists…
He’ll only get to buy three yachts instead of 5. Seriously, he’s going to have a s’ton of the highest rank shares, all they have to do is hold the lie together long enough to sell.
all they have to do is hold the lie together long enough to sell.
That last phrase is really doing a lot of heavy lifting. When you own a large chuck of stock in a post IPO company, trying to cash out large ownership stakes has the effect of crashing the price.
My expectation is that what ever the IPO price is, one year from then (the usual minimum time to be able to sell a stake like spez will have) it will be lucky to be 5% of the launch price.
To the absolute shock of no one
