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Joined 1 year ago
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Cake day: July 4th, 2023

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  • The best part is that this whole thing is about having the “opportunity” to purchase reddit stock at its IPO price. This user generated content farm wouldn’t dare give away equity for free to users responsible for the site having any past, present, or future value.

    I’m not a finance person, but the only gambling I’d do on this company is hope that Wall Street pumps the price post-IPO so I can short it.

    My understanding is that the value of each reddit user is priced roughly at $2. A Facebook user is priced at roughly $40. Their only options to maybe be profitable are more enshittification, more users, or both. Or, you know, not paying hundreds of millions of dollars to the execs of an RSS feed with voting and comments.












  • The other posts aren’t very related to technology either, and that’s my point. There was a time before Lemmy, when /r/Technology was focused on delivering news about new technology. Not tangentially related news about pro climate laws. Not the politics of social media companies. Not Elon Musk spam. Technology. /r/Science was vastly different in the past as well. In general, these communities had much more substantiative content with nuanced discussions in the comments from experts in relevant fields. Lemmy was a bit like that as well in the past. But unfortunately bots like this one started reposting all of the drivel from Reddit to the main Technology community, drowning out content with more depth. I want communities that I can genuinely learn from. I want to feel hesitant to comment, because everyone in the room is smarter than me. I miss that version of the internet.