this post was submitted on 04 Jul 2023
1963 points (99.0% liked)
Technology
59251 readers
4106 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
LOL... Who would buy into their IPO now? There's a HUGE risk of this going to zero.
I think we’re going to see a figurehead change before the IPO if things continue this way. Spiz will “step down” (he’ll probably be bought out, which might be what he’s angling for at this point, talking about wanting to emulate Elon? The most obvious and egregious example of massively and publicly fucking up a social media site??) and the company will put out a statement of “changing course,” basically just muddying the waters about what’s actually happening (while most likely nothing will actually change), say that they’re going to try to fix this fiasco.
It would kill the protests. And that way they can either run out the clock and settle things down before the IPO, or they can put out some vague change that would figuratively make the API more accessible/affordable. But nothing would actually change in the latter scenario, they’d just make a lot of noise about being reasonable while not actually changing anything. Their value could inflate again, protests are quelled due to loss of momentum/loss of popularity, pizzle gets a golden parachute, the company goes public and banks, VCs roll in piles of money, etc. etc.