- cross-posted to:
- reddit@lemmy.ml
- cross-posted to:
- reddit@lemmy.ml
You must log in or register to comment.
I’d have bought a few shares but they wanted my real info. The whole thing just felt like a scam to collect PPI.
Of course they did. It’s why I’m here. They’ve entirely enshittened Reddit. Good riddance, and enjoy watching Reddit burn from a distance on your mountain of cash, spez. Fuck you.
“You’re all landed gentry! But hey, send some money to me by buying a little stock okay?”
Yeah spez, kindly go fuck yourself.
Removed by mod
Their idea of power user is anyone above lurker
Eh, I bought 100 shares.
I figured:
a) I have the money.
b) I don’t get IPO offers that often.
c) Buy what you hate.https://slate.com/business/2005/12/buy-stocks-in-companies-you-hate.html
Once I have the shares at $34, I’ll put in an order to sell at $69. Nice!
My expectation is that a lot of people will at the least buy in at the start due to the amount of publicity, then sell off after the initial rush.
There might be an early short squeeze that could make this pay off. I predict that this one will be very unpredictable.
$34 a share is just a cash grab I think, it’s gonna gonna tank immediately I believe but we will see what happens!
Seems like just another opportunity to take a bunch of money from the poors while promising them riches.
I deleted every comment and post I had made and then deleted my account when they locked out Apollo. But it sounds like I missed out on getting the secret email and making the investment of a lifetime! /s 
I didn’t realize I should have deleted my posts before my account. So they get to keep my stupid one-line asinine comments I made
Don’t worry, they got to keep them anyways. There is zero reason to believe that comments and posts that were “deleted” by their creator actually vanished from reddits database and didn’t just have a little “show public” set to “false” instead.
This has been harped on before, but the last time we were allowed to view reddit’s source code, I believe it was determined that deleted comments still exist and are hidden as you suggest but edited comments are overwritten with their new contents.
This is why I used Redact to overwrite all of my comments and posts with nonsense rather than delete them.
That’s why the move is to edit all of your comments into jumbled nonsense and then delete them.
There is zero reason to believe the edit function replaces the previous post text in the database instead of just updating the posts pointer to the new text. Or maybe it would be more optimized to save the old text somewhere new. Editing posts might piss off mods, but I wouldn’t be surprised if the admins don’t care.
I was in the process of deleting everything, 600k karma over seven years, and my account got permabanned. I don’t think Reddit is taking too kindly to their AI info being messed with.
They can restore them if they want. A guy here was a kind of big user in some tech support sub. He didn’t just delete…he used one of those account scrubbers to edit over all his comments a few times before deleting nuking his account. Went back to look a few weeks later and all his answers were back.
They don’t do this with everyone because most people aren’t important to making a sub look useful and attractive but…yeah. They have everything we all ever said stored.
At least for EU residents, they are legally obliged to show what data they have on you and let you delete it. Should show well enough if they keep data for other non-EU people. At least if it turns out deleted content is still retained.
This only goes for personal data. The content you put on reddit is public.
Are you sure? Not saying you are wrong, I’ve just never heard about that or thought about it in those ways. Either way, in this scenarios it’s not really public any more, is it?
I am pretty sure but I wouldn’t insist on being right.^^
If you choose to delete a comment, you’re choosing to make it no longer public.
This
This
They’re gonna link your account to your identity and then your data will be worth a lot more in a sale. Fuck that shit
Time to use the Redact app, folks!
I appreciated the article. Apparently not lost on the writer was the quote from the mod of r/Equestrian which was almost entirely obscure horse puns.
Only on the last line did he manage to reign himself in.
So they voted ‘neigh’?
They feel that the Reddit IPO would turn out to be lame.
I initially thought I might participate in the IPO. I’m still not over what /u/spez did last year but I justified it the same way I ever bet AGAINST my favorite sports teams. That way if they lose there would is still an upside. I don’t think Reddit will be a great investment. But if they are, hey, at least there’s some money in my pocket.
This would have been my first IPO. And what made me finally decide against participating was the recognition that buying into an IPO, unlike regular stock trading, is actually putting money directly into the company’s pockets.
Fuck that; fuck them; and especially fuck /u/spez.
I read a pretty brutal analysis by a financial expert on some business magazine site. My biggest takeaways were:
- new shares get 1 vote per share, existing shareholders 10 per share
- under the rules they are doing the ipo they can skip providing solid numbers for the last years, and are unbound by board opinion on how much money can go into executive compensation and golden parachute packages.
Now I’m not an investor at all but this rings so many grift alarm bells I don’t understand why anyone would buy that shit. Seems like a completely dubious investment set up to pay out spez and then collapse.
Seems like a completely dubious investment set up to pay out spez and then collapse.
I like dabbling in IPOs (read: gambling). IPOs are almost always a bad call for regular investors. The value almost never goes up immediately after sale unless the company somehow all of a sudden has demand from a ton of investors of all sizes. And a company that can’t turn a profit isn’t likely to be that.
So, if you do want to buy in because you see them doing good in the long run, maybe wait a month for the price to settle, then get in.
Most people I think see through this, they’re just trying to bring in some bag holders to inflate the share price while they cash out.
I wonder how soon I’ll be able to buy puts on reddit and actually make some cash from them.
Yeah I don’t think mods and “power users” that stayed after last year are necessarily against reddit succeeding, just not willing to buy in at a 6.5bil valuation for a company that can’t turn a profit and lost 90+ mil last year and 700+ cumulative. The CEO got 193 mil last year it’s clear where their priorities are. And after the bad will they gained last year burning mods and third party apps it’s not a big surprise many are watching with a big ol’ bucket of popcorn.
I don’t think that they looked at activity in the past year. They just sent them out in waves based on total karma. I’ve barely been active and not eligible to participate and still got the emails.
not eligible to participate and still got the emails.
Same.
He didn’t get 190 mil. He got 190 mil of stock at that stupid valuation. He got paid like 300k cash. Spez gets nothing if the IPO is an albatross
for a company that can’t turn a profit and lost 90+ mil last year and 700+ cumulative. The CEO got 193 mil last year
A private company doesn’t really need to turn a profit…
Even publicly traded companies just need to do it because it effects shareholder price.
With tax shenanigans, it’s often better for a private company to never turn a profit.
If profit was important, they could have just paid the CEO 100 million and turned a 3 million profit.
Yeah I don’t think mods and “power users” that stayed after last year are necessarily against reddit succeeding, just not willing to buy in at a 6.5bil valuation for a company that can’t turn a profit and lost 90+ mil last year and 700+ cumulative.
I got the invite but didn’t do anything about it because:
-
I assumed the invite had been sent to just about everyone;
-
I like going there, but not enough to give them money… Or disable my adblock… Or switch to the accursed “modern layout”…
Come to think of it, I don’t like reddit at all, Just the communities that exist there.
Reddit, the company vs. Reddit, the community.
Not an iconic duo… They couldn’t be more different from one another in their goals.
There’s nothing against wanting to make profit of something you own. The way they are forcing through it though. They were just fine with blocking 3rd party apps, in order to not lose on the opportunity to sell the access, because suddenly AI’s hunger to be trained was sucking all the community’s content for free,
I think that they didn’t even lose a thought about the consequences of suddenly charging an absurd amount of money to get API access. They way they handled it, made obvious that they don’t give a flying fuck.
An established and beloved way of using Reddit, lots of refined apps, being constantly updated over the years. The very apps that enabled a good experience on mobile, specially for mods, enabling people to create that very content they are selling now.
It’s disrespectful and just bad taste, but not unexpected from a pos like ^fuck Spez tbh
-
“Popcorn tastes good.”
They kicked myself and my entire mod team from r/Canning because we held a vote and our users asked us to shut the community down in protest of their 3rd party app policies.
Then recently they emailed and messaged me telling me I could get in on the ground floor of buying shares.
That’s going to be a big resounding “no” from me there u/spez.
You guys did good work there.
I’m glad people think so — we really wanted to help build an online community of people who could share their joy of home canning, where safety and adhering to the best scientific principles was respected. The most gratifying results were when we would hear from some new canner who were able to get over some fears they had around safety and completed their first successful canning project.
I haven’t been back to check on the situation since we got the boot, but I hope for the sake of the community there are still people there keeping to this credo. A jar of food just isn’t something worth getting sick (or worse!) over.
Are you saying that they… canned you?
Sorry I couldn’t resist.
You’re not the first to have noted that — but it remains funny, so we’re good 🤣.
They emailed me too. Guess I was a power user, because I wasn’t a mod!
I ignored it. It’s especially egregious because I’m Canadian, and I think it’s for Americans only.
Since they killed third-party apps, I think I’ve gotten more emails from them than the number of times I’ve signed in. Haven’t even posted a single comment since RIF died.
They must have an insane definition of power user, because I got one too and I’m absolutely not a power user. Maybe longtime active users got the email as well?
RIP RIF
Canadian here as well, and no — we can’t participate. Not that it hasn’t stopped them from contacting me several times anyway.
Unfortunately, even if this IPO crashes and burns the real villains in this story are going to make it out with millions in their pockets.
I didn’t know too much about canning before the drama last summer (except that it’s hard physical kitchen labor I’d rather not do), but when I read what was going on it was clear you guys were really holding the line against the continual bombardment of the sub with truly unsafe “hacks” and “shortcuts” and “it never hurt me and I’ve been doing it for years” posts. I am absolutely convinced there are a non-zero number of people who are alive because you stopped them from this stupidity, and the painstaking, precise work you put into sourcing your statements and linking the science was quite impressive even to this total non-canner.
And then Reddit admin put their scabs in anyway.
Which is to say that Reddit admin is made of fools. I split in solidarity when the API changes kicked the accessibility users off (the third party app devs were the ONLY folks who cared enough in almost two decades to make Reddit usable for anyone needing accessibility) but afterward, reading about what they did to gut harm reduction in various subs like r/canning just convinced me that I was right to consider them literally conscienceless and take my posting elsewhere.
Their loss. In so many ways. Glad you’re here on Lemmy too.
Canning can be zen — with a bit of practice it’s not that difficult, and it’s often easy to find someone who is willing to help out. I’m often canning with friends or family — and it’s often as easy as throwing the right ingredients into a pot, bringing them to a boil, ladling it into prepared jars, and letting them sit in the pot.
As we built up the community, dealing with the “tide of crap” did get easier for us as moderators — we had a good core community of regular users who would quickly flag things that were dangerous, and with an automod rule to auto-remove posts with 5 such reports meant that we were often able to moderate posts of concern while they were private. But it took work to build up the community to the point where it was self-policing. I’m hoping that resiliency we tried to build up has continued to keep the community safe.
Glad to be here on Lemmy as well. Online discussion boards have been my bread and butter since the grand old BBS days of the mid-80s.
I got the offer too even though I left in June. 2 million karma, 11 year user. F SPEZ.
I gotta ask, why are you rockin’ a Snoo avatar? Even if you still have love for the company but just hate Spez any advertisement/endorsement of it now benefits him.
I needed a pfp and I lazily just used the same one from my reddit account.
I also left in June, and also got the offer. My karma was in the low 6 figures and I had been on for like 5 or 6 years. Honestly, a low bar
I’m still technically a moderator elsewhere, but I haven’t been active since June (no posts, no moderation, no messages). It’s an artifact of being one of the approved contributors on r/AskScience — they delegate a controlled set of moderator powers to anyone in their Panel Plus programme.
Ha they sent me the same message, and while I was not booted as a mod, I led the protest effort in a few subs that I modded in and helped out over in Save3rdPartyApps. I didn’t delete my account, just went silent after resigning when other mods got cold feet as soon as it started to get real.
Yeah, you may have seen some of my posts from the time on r/Save3rdPartyApps and/or r/ModCoord. I was one of the few pretty vocal that we had to hold the line, and that a simple two week blackout wasn’t going to be effective. I knew they’d either be forced to capitulate or kick me out as the head moderator or r/Canning — and wasn’t surprised after most of the other mods chickened out that they did just that.
I wasn’t about to chicken out — the worst they could do is remove from me the privilege of working for them for free. My entire personality and self-worth wasn’t tied to being a Reddit moderator.
Any canning related communities you can recommend now that you are over here?
My experience modding r/Canning burnt me out on online canning forums. There is a ton of unsafe information out there, and so I just got out of online canning discussions altogether.
There was a Lemmy instance out there that was intended to revolve around self sufficiency that offered me moderation rights to their canning forum, but that instance didn’t really take off, nobody ever posted to their canning community, and the instance went offline several months ago.
I still can — but I don’t participate in any online canning communities, so I’m not sure what’s trustworthy out there right now.
Fair enough, I can understand that. Happy canning either way!
Thanks!
Yeah, I’ve said the same. The fact that they’re aiming for users with high karma means that really think they’re suckers.
When even the people that work for Reddit, for free, don’t want to buy your bs stonk
Rather take your money to the casino kids. I think the reddit IPO will crash and burn. Not only because spez is a total fucking tool destroying the platform. But the reddit model will be tough to be a booming profitable business. All they really have is add revenue and users will start seeing through the smoke and mirrors no matter how hard they try to disguise them as normal posts. We have already seen this type of manoeuvre is not easy with Twitter.
Yes ads revenue itself but also Data. Lots and lots of data to sell to advertisers to build profiles on what people are into and how they interact with following their hobbies and interests across subreddits.
But i agree that theres not too far to go after that.AI training data too. Years’ worth of conversations in natural language.
Why would I need redditor data when I could just download top 40s song lyrics and a book of puns?
I can’t wait for an AI that responds to my prompts with “and my axe”
“This.”
nice
I can’t wait for an AI that responds to my prompts with “and my axe”
Because LLMs are already hallucinating enough as it, but now they can do it with more racism and zoooomg is that a squirrel ‽
Not sure I would call myself a power user. While I did have a few posts over 50k, I was not exactly creating a ton of content. Still got an email though and decided against investing.
My few posts were almost exclusively in my local sub and plant identification, I never had a post crack 1000. Almost all my karma came from comments. Since I also got the offer, I’m guessing the bar was set very low
Yep, same, think I had 65k karma, mostly from comments, got an email, also balked
I probably had at least a few million across all my accounts but still balked
Huh, I thought everyone received the email. Never made a single post on Reddit, only ever commented and still got the thing.
I never got anything. But I use disposable emails to verify any accounts I made.
I think everyone got it out eventually, but I know they rolled it out in stages based on total karma. The more karma you had, the earlier you got the IPO email. And they didn’t distinguish between post and comment karma. I had almost no post karma, but 402k comment karma (mostly from account age), so I got emailed pretty early.
Similar story, though I had over 100,000 karma, I never made any posts. It was all comment karma. I got invitations on both my accounts, even though ones been retired for years and the other I stopped using after the bullshit last year.
I was definitely a power user. I didn’t get an email. I know why too:
I find it hilarious that you didn’t get one and a nobody like me did.
On some level, I’m a little surprised they noticed.
Same here. I’d consider it a compliment that they did.
Right, why would I bother with the reddit IPO? IPO pricing is all over the place. If I want it - I don’t - I’ll buy it day 1.
I got the email. No way in hell I’m throwing my money into that hole. I left with the API changes and haven’t looked back. Part of what made Reddit successful is it was user-centered. Chasing profit has only made Reddit worse. Going public will accelerate that exponentially. I give it 6 months tops before they start deleting subs, particularly porn ones, because advertisers complain.
Unsurprisingly the people who have had to deal with Reddit’s leadership for years don’t trust them. Shocking. That said I could see a lot of Redditors still buying in, just out of fear that they might miss out on the next big “get-rich-quick” opportunity.
And a lot of people apparently did.
