I just got this PM from reddit about their IPO, offering me shares early because I have been a reddit moderator

submitted by magnora7 from self.MeanwhileOnReddit

sorted by:
top
newinsightfulfun
you are viewing a single comment's thread.

view the rest of the comments →

[–]magnora7[S] 14 insightful - 2 fun14 insightful - 1 fun15 insightful - 2 fun -  (8 children)

So they're really doing the IPO thing finally... part of why we built saidit was in anticipation of reddit going IPO and banning/blocking tons of subreddits and users as a result, who may then migrate to saidit to enjoy actual free speech.

Looks like it's finally happening.

[–]RedditButt 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 2 fun -  (6 children)

At this point, we can only hope reddit self-inflicts a mortal wound. It's obvious it's not going to get better.

Also, I think that would be incredibly unsafe to give reddit your dox. If they behave the same way towards real people, you can bet on getting some IRL harassment if you disagree with their extremist politics. I don't want to deal with stuff like having pets poisoned or family members stalked or attacked.

On the other hand, if you're brave enough, you could buy a little bit of the stock such you could show up at a shareholder board meeting, and confront the board with all the dirty things reddit is pulling. Their incel tranny admins would probably have a stroke. That's probably why they're giving an "initial offering" to curated mods who will continue to do their bidding.

[–]Alienhunter 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

I wouldn't buy their stock anyway cause I don't see much value in the platform.

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

Lots of other shitty companies had their stock pump year after year. It seems the more unethical a company is, the better their stock does.

I see it being similar to twitter, where people ride the FOMO train up without realizing or caring that 99% of the site are repost bots, and other corporate/karma farming spammers. I get more interaction on saidit with only maybe 100 people active, than I do on reddit with supposedly "millions".

[–]Thinger 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

It's just going to get worse.

Reddit announced Thursday (Feb. 22) it is partnering with Google to let the search engine train its AI models with its user-generated content. The partnership is reportedly a $60 million-per-year deal, Reuters reported Thursday (Feb. 21) — a move that could give Reddit a financial boost as it prepares to go public.

[–]evamilaevam 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Ok

[–]HibikiBlack 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

It's already happening in slow motion.

[–]RedditButt 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

What part?

[–]Jiminy 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

They would have years ago but were worried about section 230. That affects how much a social media company is worth. Terrorists, pedos, criminals, etc communicate thru social media so is the company liable?