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

4747 readers

1 users here now

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

This community welcomes anyone who wants to see Reddit gone. Nuke the Snoo!

When sharing links, please also share an archived version of the target of your link.

Rules:

Follow lemmy.ml's global rules and code of conduct.
Keep it on-topic.
Don't promote illegal stuff here.
Don't be stupid, noisy, obnoxious or obtuse (S.N.O.O.)
Have fun, and enjoy the popcorn! 🍿

founded 2 years ago

MODERATORS

lvxferre@lemmy.ml

472

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

submitted 1 year ago by cygnus@lemmy.ca to c/snoocalypse@lemmy.ml

165 comments fedilink hide all child comments

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.

(page 2) 50 comments

sorted by: hot top controversial new old

[–] forgotmylastusername@lemmy.ml 14 points 1 year ago* (last edited 1 year ago)

Well I checked back. I also went to wipe the last bits of posts from a couple accounts. Soon as the scripts got done running...

Uh oh! We have suspended your account due to suspicious activity.

[–] ulkesh@beehaw.org 14 points 1 year ago (1 children)

And I sincerely hope anyone that invests in Reddit loses everything they put into it. The company deserves to die for the bullshit they did last year. It’s past time to move on.

[–] Jaytreeman@kbin.social 7 points 1 year ago

Every big IPO like this goes up like crazy at first... In this case I predict it will fall quickly afterwards.
There's money to be made though

[–] NoIWontPickaName@kbin.social 12 points 1 year ago

Have we tried pulling a Twitter on this shit and seeing how many ads come up next to controversial Concepts yet?

I don't think it would take many of them to take this motherfucker

[–] zcd@lemmy.ca 12 points 1 year ago (4 children)

What a little shitbaby, that IPO is going to be worse than Robinhood’s

load more comments (4 replies)

[–] SteefLem@lemmy.world 12 points 1 year ago (1 children)

Well for me im gonna short the shit outta that ipo :)

[–] airportline@lemmy.ml 8 points 1 year ago* (last edited 1 year ago) (2 children)

Do not do this unless you're prepared to lose money

load more comments (1 replies)

[–] KingThrillgore@lemmy.ml 10 points 1 year ago

They filed for IPO in December 2021. Its taken them THIS long. The competent management didn't leave the building, they were never there.

[–] RizzRustbolt@lemmy.world 4 points 1 year ago

Third time's the charm?

[–] riodoro1@lemmy.world 4 points 1 year 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.

load more comments