• tourist@lemmy.worldEnglish
      42·
      11 months ago

      i.e. Have a backup account on a small instance ready for when the big ones get ddos’d

  • OsrsNeedsF2P@lemmy.mlEnglish
    651·
    11 months ago

    Founded in 2005 by web developer Steve Huffman and entrepreneur Alexis Ohanian, Reddit became best known for its niche discussion groups and its users voting “up” or “down” on the content posted by other members.

    Disgraceful, disgusting, lying scum. Say his name: Aaron Swartz

  • Imgonnatrythis@sh.itjust.worksEnglish
    63·
    11 months ago

    Goodness I hope the gamestop nerds find a way to absolutely destroy this. If there is any chance of a scheme working, I will invest.

  • erranto@lemmy.worldEnglish
    421·
    11 months ago

    Contrary to many in here, I don’t think this will cause another exodus from reddit. those who might be concerned by this have already left or reduced their time on the platform

    • Goodie@lemmy.worldEnglish
      201·
      11 months ago

      If Facebook hasn’t had a mas exodus, neither will Reddit.

      Facebooks death is slow and ongoing, and I’m pretty sure Reddit’s will be too.

      • erranto@lemmy.worldEnglish
        193·
        11 months ago

        I don’t know where you are getting your numbers. maybe it’s your selection bias, but facebook’s userbase keeps groing, and even if its getting less teenager engagement, those teenagers are flocking to Meta’s other platform Instagram.

      • 9up999@lemmy.mlEnglish
        2·
        11 months ago

        If you move from facebook to instagram or threads why move at all?

        • Jestzer@lemmy.worldEnglish
          4·
          11 months ago

          Because many more people are concerned with where their friends are and what’s cool.

          • 9up999@lemmy.mlEnglish
            1·
            11 months ago

            Yeah I understand that but I mean it’s same hands so why try at all.

            • Jestzer@lemmy.worldEnglish
              2·
              11 months ago

              Because they don’t care who owns what platform. They care that they’re different and only some of their friends are on one of them and not the other.

  • Flex@lemmy.worldEnglish
    25·
    11 months ago

    Wouldn’t be surprised to see lemmy activity spike in March. Probably not as big as during the API debacle, but still.

  • MrJameGumb@lemmy.worldEnglish
    15·
    11 months ago

    Is it even worth anything to investors anymore at this point? Huffman kind of destroyed any faith anyone had in Reddit, seems like it’s just going to slowly turn into an ad distribution service to scam people who don’t know any better lol

    • Anyolduser@lemmynsfw.comEnglish
      32·
      11 months ago

      An IPO is an initial public offering. It is when shares of the company are being sold for the first time. This allows a company to (potentially) raise an enormous amount of money to expand their business.

      When people buy and sell stocks or you see stock prices being reported on this is more or less a secondary market, people or investment firms trading stocks amongst themselves. The company doesn’t get any money when a stock trades hands in this fashion.

      An IPO is different. The company is selling little pieces of ownership and the money from those sales go into their coffers. To raise the most funds the company wants to convince potential buyers that the company is valuable and is now or will soon be profitable (and will pay a dividend out for each share owned). This assessment of value (called valuation) is often complex and can take a long, long time.

      Reddit’s recent effective shutdown of third party apps to force mobile users onto the Reddit mobile app was almost certainly an effort to get a better valuation. It shows potential buyers of shares that the content on Reddit can only be accessed on mobile devices via an app that the company would get the ad revenue from.

      All the kerfuffle and shakeups at Reddit have been leading up to the big day, the IPO. The big news scoop is that that date has been set for March.

  • Gork@lemm.eeEnglish
    13·
    11 months ago

    Hope we see some more migration. Lemmy is miniscule in comparison, with 60,000 active users by last count across all instances.

    Heck, even /r/mildyinteresting has 220,000 users and that isn’t even the main subreddit, it’s a misspelled version of /r/mildlyinteresting.

    • ieightpi@lemmy.worldEnglish
      51·
      11 months ago

      Also Reddit has been around for over a decade and lemmy has existed for about 4 years. It’s hard to compare the two in that regard.