• Pons_Aelius@kbin.social
    0·
    8 months ago

    They are about 2 years too late.

    They rise in interest rates and the end of easy VC money has swung the dial back to: Companies actually to generate profit and not just show user growth to be attractive to investors.

    The IPO will not go as spez dreamed for so long.

    • jol@discuss.tchncs.de
      0·
      8 months ago

      Not just that but the golden era of social media is probably over. With the advent of free access to powerful AI, user content is about to become hot garbage. And with 30% of the Internet using adblockers, I wouldn’t touch reddit with a long stick.

  • supersquirrel@sopuli.xyz
    0·
    8 months ago

    Can we make an enshittification graphic that you can put a website/product on and track it as it goes through the enshittification cycle? We gotta move Reddit from stage 1 enshittification to stage 2 enshittification (going for an IPO).

    Stage 2 involves a disorienting attempt to portray everything as fine with the website/product when in actuality enshittification is aggressively accelerating.

    • SeedyOne@lemm.ee
      0·
      8 months ago

      That’s a pretty cool idea for a website, tracking the enshittification of major sites and products. I’d read it but I’m sure it’d be a lot of depressing, hard to monetize work for those involved to run.

      • prongs@lemm.ee
        0·
        8 months ago

        And I’m sure inevitably, the site will become harder to run as more and more companies enter the shit list. Over time - features will be cut to save effort. List entry will be out sourced. The company itself, of course, will not see the irony. Finally - a new website emerges to track the enshittification of enshittification tracking websites. And the prophecy continues.

  • TWeaK@lemm.eeEnglish
    0·
    8 months ago

    Reddit, which filed confidentially for its IPO in December 2021, is planning to make its public filing in late February, launch its roadshow in early March, and complete the IPO by the end of March, two of the sources said.

    Should be interesting to see people pick apart the filing. I think it’s obvious why they left such a narrow window from reading the filing (which was 2 years ago, before the API change and all the backlash) to the actually offering. However, I don’t think it will be short enough for them to not be held over the fire.

    Just wait, they will be heavily moderating the discussion about the filing on their platform.