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Reddit Is Letting Power Users In on Its IPO. Not Everyone’s Buying (www.wired.com)

submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

127 comments fedilink hide all child comments

Reddit Is Letting Power Users In on Its IPO. Not Everyone’s Buying::Reddit says it wants to reward users by letting them buy into the company’s public listing. Some say it’s too risky—others say they won’t pay a company they’ve already given hours of free labor to.

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[–] zarkanian@sh.itjust.works 27 points 8 months ago* (last edited 8 months ago) (3 children)

I think the main thing holding it back is the lack of active niche communities.

[–] Pirky@lemmy.world 11 points 8 months ago

This is the big thing. There are multiple niche, and not-so-niche, subreddits that just don't exist here. Or they have nowhere near the presence as on Reddit.
Don't get me wrong, I'm trying to fix that by contributing where I can, but I am just one person.

[–] DingoBilly@lemmy.world 0 points 8 months ago (1 children)

Yeah a lot of people here pretend like Lemmy and as a side thing Linux are these massive things poised to take over the world but realistically they're just a minority thing that isn't changing much at all.

Will take a new competitor doing something completely different to really stir things up to make moving away from traditional options worthwhile.

[–] zarkanian@sh.itjust.works 0 points 8 months ago (1 children)

Yeah a lot of people here pretend like Lemmy and as a side thing Linux are these massive things poised to take over the world but realistically they’re just a minority thing that isn’t changing much at all.

Your assessment of Linux is bad. So bad. Laughably bad. Hilariously bad. Ask anybody who works on servers whether or not Linux is "a minority thing that hasn't changed much at all".

Will take a new competitor doing something completely different to really stir things up to make moving away from traditional options worthwhile.

It depends upon who are you are, doesn't it? For me, Lemmy hasn't become a total replacement for reddit, but it's replaced it about 90% I would say. The only time I spend on reddit is for those niche communities, and a lot of people don't have those niche communities.

[–] DingoBilly@lemmy.world 0 points 8 months ago

Linux has its uses yes.

Posters here act like the everyday consumer gives a fuck about it though, and they don't. Great for servers, garbage for consumers.

And I'm sure lemmy can be used to replace reddit for most things, but again - the majority of everyday people won't because it's convoluted and not as good for their needs.

[–] berno@lemmy.world -3 points 8 months ago

They will get created and grow