That’s the thing, reddit doesn’t need to be profitable for the venture capitalists to make their bag. They’re trying to cash out at the IPO and have no concern for it after that.
That makes it even dumber though, surely? Lots of people invest in tech businesses that are not profitable and have no plans to become sustainable, some idiots even buy them.
It’s things like user count and activity that will be more meaningful in that scenario, so one should avoid doing anything to reduce those figures.
I mean, Reddit was already drowning with repost bots, I’m sure when the time comes they’ll have tons of ““users”” generating loads and loads of ““activity”” to impress the investors
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: [email protected]
⚓ A community devoted to in-depth debate on topics concerning digital piracy, ethical problems, and legal advancements.
That’s the thing, reddit doesn’t need to be profitable for the venture capitalists to make their bag. They’re trying to cash out at the IPO and have no concern for it after that.
That makes it even dumber though, surely? Lots of people invest in tech businesses that are not profitable and have no plans to become sustainable, some idiots even buy them.
It’s things like user count and activity that will be more meaningful in that scenario, so one should avoid doing anything to reduce those figures.
The users reddit lost are the whiniest ad blocking power users, I’m included in this group so don’t take it as an insult, maybe 3% of total users.
Reddit is still doing fine, long term the writing may be on the wall but the venture capitalist just need it to make it until September.
I mean, Reddit was already drowning with repost bots, I’m sure when the time comes they’ll have tons of ““users”” generating loads and loads of ““activity”” to impress the investors