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

4674 readers

1 users here now

SNOOcalypse is closing down. If you wish to talk about Reddit, check out !reddit@lemm.ee, !reddit@lemmy.world and !RedditMigration@kbin.social.

This community welcomes anyone who wants to see Reddit gone. Nuke the Snoo!

When sharing links, please also share an archived version of the target of your link.

Rules:

Follow lemmy.ml's global rules and code of conduct.
Keep it on-topic.
Don't promote illegal stuff here.
Don't be stupid, noisy, obnoxious or obtuse (S.N.O.O.)
Have fun, and enjoy the popcorn! 🍿

founded 2 years ago

MODERATORS

lvxferre@lemmy.ml

473

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

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

177 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] Cowbee@lemmy.ml 2 points 11 months ago (1 children)

Hence why leftist, decentralized social media is much better. Remove the profit motive and enshittification vanishes.

[–] frauddogg@lemmygrad.ml 2 points 11 months ago (1 children)

I miss when my biggest problem with online communities were phpBB badmins and troll-happy IRCops, honestly

[–] Cowbee@lemmy.ml 2 points 11 months ago

The emergence of FLOSS micro-social media as an answer to Capitalist social media's decline is wonderful to see, honestly. Makes me hopeful that leftist structures will continue to gain traction, even if it's slow.