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[–] 50 points 2 years ago (1 child)

Why buy it? The CEO has publicly stated they don't make money while killing two major revenue streams.

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  • [–] 24 points 2 years ago* (last edited 2 years ago) (2 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.

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  • [–] 4 points 2 years ago

    I agree. The economy is shit right now and I would be amazed that anyone in their right mind would invest in a company whose already lost half their value in just a few years (at least, that's what I've heard. They supposedly went from 10B to 5.5B or something like that). And like you said, interest rates are a factor as well.

    The mods are jumping ship or just straight up abandoning the site, and the slew of NSFW content, real or not, is damaging its advertisement potential. It's a lemon.

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  • [–] 24 points 2 years ago
    [–] 23 points 2 years ago (1 child)
  • [+] 53 points 2 years ago* (last edited 2 years ago) (3 children)
  • [–] 9 points 2 years ago (1 child)
  • [–] 12 points 2 years ago (2 children)

    I hope it doesn't ruin what we have here

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  • [+] 3 points 2 years ago* (last edited 2 years ago) (2 children)
  • [–] 3 points 2 years ago

    That's the nature of entropy in any system, especially one where anyone can freely engage with it. I think it should be recognized that anything good will inevitably change, and by being aware of it, we can take steps to slow down the inevitable descent into chaos.

    If anything, I do think the fediverse itself is a good set-up for preventing the sort of issues that Reddit eventually faced. It's almost like the internet itself. There's no centralization, only various participating end-points sharing and receiving data.

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  • [+] 16 points 2 years ago* (last edited 4 weeks ago)
    [–] 12 points 2 years ago

    I hope it fails spectacularly.

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  • [–] 3 points 2 years ago

    Is it really happening this time?

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