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A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

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Report: 75K loyal Redditors can snag shares before Reddit goes public (arstechnica.com)

submitted 10 months ago by Powderhorn@beehaw.org to c/technology@beehaw.org

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This is one of the more scathing pieces to come out on Ars about Reddit. As the site did not respond to inquiries, all that was available to report on was profoundly negative statements that Advance is unlikely to enjoy seeing.

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[–] KingThrillgore@lemmy.ml 3 points 10 months ago

They're literally going to suck as much money off these schmucks as they can: First by selling their 'content' to AI, and then by just letting them give them money for shares that will pitfall.