Report: 75K loyal Redditors can snag shares before Reddit goes public

submitted by Drewski from arstechnica.com

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[–]CheeseWizard 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

Reddit is dying.
Selling it to shareholders will smash the quality further.
It's already struggling to profit with thousands of ads. There's no way it's sustainable, with the censorship, political correctness, and political social engineering, it will lose the quality that gathered the community in the first place.
They won't wanna spend a cent. Their target audience, woke or queer, wouldn't ever spend a cent with anything in the first place.
It's a zombie entrepreneurship.
The future of online communities is segregation by topic, you cannot host everything in the same place with high quality without attracting greed.

[–]UcDat 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

nvm greed tptb need to control the narrative so any place that gets big enough will be taken over or taken down.