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

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

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

submitted 10 months ago by cygnus@lemmy.ca to c/snoocalypse@lemmy.ml

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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.

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[–] MonkderZweite@feddit.ch 4 points 10 months ago (7 children)

What is IPO?

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[–] riodoro1@lemmy.world 4 points 10 months ago

People here tend to think we’ve made a dimple in reddits statistics and our voices were heard. Nope, both reddit and it’s users couldn’t give a fuck that we’re gone. Most of reddit is not your niche communities you miss, its dumb memes, content copied from facebook and politics. Vast majority of users just installed the app and are happily scrolling away building someones personal wealth, remaining oblivious how much reddit knows about them and how much greasy, fat fingers of shit hoarders like goldman sachs would like to exploit that info.

[–] RizzRustbolt@lemmy.world 4 points 10 months ago

Third time's the charm?

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