this post was submitted on 30 Jun 2023
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Reddit Migration

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Reddit seems to be speedrunning 'self-destruct and devalue IPO'. What would be Reddit's next worst steps? (feddit.de)
submitted 1 year ago* (last edited 1 year ago) by swnt@feddit.de to c/RedditMigration@kbin.social
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Given how Reddit has responded to the whole API, community-mods, etc. fiasco, I felt like they're doing some of the more effective things in not only destroying their communities but also their IPO valuation.

Everytime I feel they can't make it worse, they just double down.

Out of pure curiosity, what do you think could be the next steps Reddit could take to make their future even more worse in the most effective ways possible? ๐Ÿ˜„

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[โ€“] gentleman@kbin.social 10 points 1 year ago (1 children)

@swnt Spez will just keep doing what he's doing because he doesn't know how to be different. Who knows what new counterproductive idea he'll force on the people there. Fidelity just reduced the valuation of the company - again. At some point between Fidelity and Tencen the investors may throw his ass out, which would be fitting. Eventually happens to people with Hubris like his.

[โ€“] The_Tribble_Juggler@kbin.social 5 points 1 year ago (1 children)

And apparently the devaluation has lag-time and hasn't even caught up the this whole fiasco yet.

[โ€“] NoIWontPickaName@kbin.social 1 points 1 year ago

Business does Net 90