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Uh, reddit already won what exactly? How does going public have anything to do with success for a company like this? It's a way to raise capital and compensate

Uh, reddit already won what exactly? How does going public have anything to do with success for a company like this? It's a way to raise capital and compensate insiders, nothing special Communities come and go. They are 95% reliant on the members, and some of their recent moves are adversarial. Everything there is becoming corporate, even the porn.

asdff 3y ago
More active users than ever before just in the last 2 quarters of 2023 after stagnating for years. Its almost like the API thing backfired and that bad press was in fact good press and got more people onto reddit.
- pmdr 3y ago
  The coup failed and whatever reddit's been doing is obviously good for business. I'd wager the majority of people boycotting reddit are still using it like nothing happened.
- jazzyjackson 3y ago
  > more people how are you so sure the extra traffic is from people?
  - pmdr 3y ago
    VPNs, datacenters and Tor are pretty much blocked and API costs money, plus everyone I know uses it nowadays. I think it's mostly legit traffic.
    - sumedh 3y ago
      > VPNs, datacenters and Tor are pretty much blocked and API costs money There are services which provide a service so that your bot can still scrape from sites like reddit which try to block bots.
pmdr 3y ago
> Uh, reddit already won what exactly? The right to do whatever they want and still keep the communities and content with pretty much no impact on their bottom line thereafter. > How does going public have anything to do with success for a company like this? It's a way to raise capital and compensate insiders, nothing special You raise capital if investors believe in the direction the company is heading. They're betting on reddit to make them money. > Everything there is becoming corporate Reddit didn't start out that way, at least it wasn't the impression that seasoned internet users got. It used to be developer-friendly and open, whether you were using Tor, a VPN or a datacenter's IP. It's, of course, their right to steer the company as they see fit and towards profitability. My only wish is that people providing valuable content and moderation work would start to see that the company's values have changed.
- theonemind 3y ago
  For today. Even Facebook is in decline. Online platforms don't last forever.
  - pmdr 3y ago
    I thought so myself until reading the latest earnings call.
  - kbenson 3y ago
    Usually they do, either as some other company's acquisition or as a company that acquires others (like facebook/meta). Little actually is entirely gone, someone snatches it when the price gets low enough. Whether they grow themselves to the point they buy others or are bought is a distinction without a difference in this case. Their DNA exists in myriad ways, and even if they survived and weren't bought few few online companies are the same a decade later.

asdff 3y ago

More active users than ever before just in the last 2 quarters of 2023 after stagnating for years. Its almost like the API thing backfired and that bad press was in fact good press and got more people onto reddit.

pmdr 3y ago
The coup failed and whatever reddit's been doing is obviously good for business. I'd wager the majority of people boycotting reddit are still using it like nothing happened.
jazzyjackson 3y ago
> more people how are you so sure the extra traffic is from people?
- pmdr 3y ago
  VPNs, datacenters and Tor are pretty much blocked and API costs money, plus everyone I know uses it nowadays. I think it's mostly legit traffic.
  - sumedh 3y ago
    > VPNs, datacenters and Tor are pretty much blocked and API costs money There are services which provide a service so that your bot can still scrape from sites like reddit which try to block bots.

pmdr 3y ago

> Uh, reddit already won what exactly? The right to do whatever they want and still keep the communities and content with pretty much no impact on their bottom line thereafter. > How does going public have anything to do with success for a company like this? It's a way to raise capital and compensate insiders, nothing special You raise capital if investors believe in the direction the company is heading. They're betting on reddit to make them money. > Everything there is becoming corporate Reddit didn't start out that way, at least it wasn't the impression that seasoned internet users got. It used to be developer-friendly and open, whether you were using Tor, a VPN or a datacenter's IP. It's, of course, their right to steer the company as they see fit and towards profitability. My only wish is that people providing valuable content and moderation work would start to see that the company's values have changed.

theonemind 3y ago
For today. Even Facebook is in decline. Online platforms don't last forever.
- pmdr 3y ago
  I thought so myself until reading the latest earnings call.
- kbenson 3y ago
  Usually they do, either as some other company's acquisition or as a company that acquires others (like facebook/meta). Little actually is entirely gone, someone snatches it when the price gets low enough. Whether they grow themselves to the point they buy others or are bought is a distinction without a difference in this case. Their DNA exists in myriad ways, and even if they survived and weren't bought few few online companies are the same a decade later.