this post was submitted on 14 Jun 2023
115 points (100.0% liked)
Chat
7498 readers
10 users here now
Relaxed section for discussion and debate that doesn't fit anywhere else. Whether it's advice, how your week is going, a link that's at the back of your mind, or something like that, it can likely go here.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The difference that I see between reddit and twitter is that reddit hasn't been purchased to be the plaything of a billionaire. This matters because unlike facebook and google, reddit and twitter aren't profitable. That means that reddit doesn't have to pockets to buy up competitors, lobby for beneficial regulations, focus on expanding overseas, or move into making hardware.
Yet. It hasn't been bought up yet, but they really really wish they were. Reddit has flipped to profits only mode already and they're never going to change now. Being bought out during
IPO isn't going up change that either, only intensify it
Reddit is just the plaything of anonymous billionaires that's the whole reason they want the IPO at all costs because they can't cash out without it, even if it is less than they had hoped for.