all 6 comments

[–]Musky 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

I'll use any excuse to repost this vid.

Considering the bot infestation at Reddit the admins have to be aware of but ignore, it seems like they can't offer an IPO without either fessing up or deliberately misleading investors about their actual user counts.

[–]wlh0242 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

With the outright banning of anyone with a differing opinion and the blatant leftist propaganda, their IPO is doomed.

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

this is a clever ponzi scheme..

there is no way that the buyers of this stock can ever sell it all back to the company, just like facebook and twitter.

selling stock is a way to borrow money and never have to pay it back.

welcome to crime school.

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

I've been saying for years that if reddit ever did any kind of stock or investment thing, go after them for grooming and pornography and it'll tank it.

[–][deleted]  (1 child)

[deleted]

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

    I recalled first big reddit scandal - about /r/jailbait and /r/creepshots mod:

    All the while, Violentacrez's critics cried out the same refrain: "How does he get away with this?" One reason Violentacrez continued to occupy such a high-profile position on Reddit was of course his free speech rhetoric. But Violentacrez has historically had a close relationship with Reddit's staff, a fact far less well-known than his controversial behavior. Violentacrez was a troll, but he was a well-connected troll. He told me he was close with a number of early Reddit employees—many of whom have now moved on—chatting with them on IRC or sometimes even on the phone. A few years ago, while Jailbait was still going strong, Reddit's administrators gave him a special one-of-a-kind "pimp hat" badge to honor his contributions to the site, which he proudly displayed on his profile. Brutsch said he was even in the final running for a job as a customer support representative at Reddit last year.

    During the Jailbait controversy, Erik Martin, the site's General Manager, reached out to Violentacrez beforehand to warn him that they were going to have to shut down his prized possession, according to a chat conversation Violentacrez leaked at the time.

    "Want to give you a heads up," Martin wrote. "We're making a policy change regarding jailbait type content. Don't really have a choice."

    Violentacrez's privileged position came from the fact that for years he had helped administrators deal with the massive seedy side of Reddit, acting almost as an unpaid staff member. Reddit administrators essentially handed off the oversight of the site's NSFW side to Violentacrez, according to former Reddit lead programer Chris Slowe (a.k.a. Keysersosa), who worked at Reddit from 2005 to the end of 2010. When Violentacrez first joined the site and started filling it with filth, administrators were wary and they often clashed. But eventually administrators and Violentacrez came to an uneasy truce, according to Slowe. For all his unpleasantness, they realized that Violentacrez was an excellent community moderator and could be counted on to keep the administrators abreast of any illegal content he came across.

    ...

    Administrators realized it was easier to outsource the policing of questionable content to Violentacrez than to dirty their hands themselves, or ostracize him and risk even worse things happening without their knowledge. The devil you know. So even as Jailbait flourished and became an ever-more-integral part of Reddit's traffic and culture—in 2008 it won the most votes in a "subreddit of the year" poll—administrators looked the other way. "We just stayed out of there and let him do his thing and we knew at least he was getting rid of a lot of stuff that wasn't particularly legal," Slowe said. "I know I didn't want it to be my job."

    https://archive.is/wZwL (2012)

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

    So the P is for pedo/predator, what do the I and O stand for?

    Ah, it could be an 'Inverted Penile Orifice', given Reddit's target audience?