SNOOcalypse - document, discuss, and promote the downfall of Reddit.

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In unsurprising news, Reddit prepares IPO (www.businessinsider.com)

submitted 11 months ago by cygnus@lemmy.ca to c/snoocalypse@lemmy.ml

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Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.

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[–] lvxferre@lemmy.ml 17 points 11 months ago* (last edited 11 months ago)

But there is definitely room for a subscription that either boosts user engagement (not sure how that would work)

Swap "subscription" for "multiple small transactions" and you have the new gold system. So Reddit is already doing what you (and me, and everyone else) was predicting them to, we just didn't know "how".

It'll likely fail hard though, at least in the long run. For similar reasons as Digg failed.