this post was submitted on 30 Jun 2023
117 points (97.6% liked)

Technology

59223 readers
3357 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
117
Reddit's Valuation Has Fallen Even Further, Fidelity Says (gizmodo.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
34 comments fedilink hide all child comments
 

Fidelity estimates Reddit's holdings are at $15.4 million, which is down over 7% from the fund’s estimates of $16.6 million from this past April.

you are viewing a single comment's thread
view the rest of the comments
[–] iwidji@lemmy.world 4 points 1 year ago (2 children)

I think that’s a fair take that’s likely to happen. It really depends now on what Reddit does to try to normalize things or blow things up more. I think if they try to just rebuild relationships with their new group of users, they may survive.

But they also seem equally as likely to find a new way to screw themselves over…

[–] Corkyskog@sh.itjust.works 3 points 1 year ago

They still haven't replaced >90% of the moderators... it will take months, probably longer to feel the full effects. People will test it, and will get creative. There is a decent chance if they aren't actively working on a sophisticated plan for thay, the website turns into an alt-right cess pool with CP that slips through the cracks.