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Lem453
https://techcrunch.com/2023/06/30/fidelity-deepens-valuation-cut-for-reddit-and-discord/
Valued at 10 billion when fidelity bought an ownership stake in 2021.
Currently they estimate Reddit is worth 5.6 billion
Well done team, I bet the investor calls are going great!
Jellyfin has tools that let you export a watch list from one app and merge it with jellyfin
It’s a paid app, but infuse works very well on apple TV
The start of ads seems to always lead to a path of enshitification. One of the reasons I really like jellyfin is because they realized this and intentionally disabled recurrent donations. They saw what it does to Plex and saw the eventually the leadership’s will try to sell out and sell the company or IPO.
Jellyfin saw the way every service seemed to go once the revenue picked up and decided they want to prevent that.
We all know the answer to this. There will be a hundred threads with thousands of comments with people saying it’s not bad, the company promised x and y and we should be cautiously optimistic, but in the end it always ends the same way.
Exactly the same thing happens with IBM buying Red Hat. No shortage of articles talking about how this will be good for Red Hat and the entire open source community but of course last month they started the enshitification process that will now March on relentlessly. Even now there are defenders of red hat, talking about how it’s not that bad and there are workarounds, but in the end they fail to see this is just the first step.
Once started on this path, the rule is always enshitification, any exceptions are exceedingly rare. If steam ever gets bought/sold it will follow the same path and it’s defenders will stay by its side until it looks like the screen shot above.