Fuck Reddit. Scumbags.
RIP Aaron.
this post was submitted on 18 Jan 2024
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Technology
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RIP Aaron indeed. May his fighting spirit be the anchor point for any community that's succeeding Reddit.
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Amen.
When can we start shorting the stock? /s
If you really want to sabotage, just upload lots of videos to subreddits that you can't advertise on.
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Hmmm, let's see.
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Failing company rooted in a more traditional framework they're trying to break out of
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Said company has no idea what they're doing and keep doing ridiculous things to "break out of" traditional framework
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Keeps doing things no user/customer asked for
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Said company has no real effective long-term game-plan and keeps changing tack because of bad previous choices
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There's a good chance the company could go completely bust because of lack of good business plan and solid leadership
Redditors: Reddit is the new GameStop!! DRS!! MOASS!!!
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Well we have 6 weeks to prepare for the next mass exodus lads and lassies
i.e. Have a backup account on a small instance ready for when the big ones get ddos'd
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Why should the IPO change anything at this point? It's not like it'll have any immediate effects on the website.
It's not the IPO that will cause the exodus. Its the first actions that Reddit takes to appease shareholders that will cause people to leave
The Lemmy Piracy communities are about to receive the last of the dedicated reddit holdouts.
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Founded in 2005 by web developer Steve Huffman and entrepreneur Alexis Ohanian, Reddit became best known for its niche discussion groups and its users voting "up" or "down" on the content posted by other members.
I appreciate this extremely sly shade at Steve Huffman.
He's not an entreprenuer because he didn't do dick between leaving Reddit and coming back to Reddit whereas Ohanian had a few other companies in his back pocket.
I mean, Ohanian sucks, too, but this sentence is just Reuters kicking dirt in Steve Huffman's smarmy little bitch face and I'm fucking here for it.
And Huffman’s programming skills weren’t even that great because they quickly brought in Aaron Schwartz to make it all work, yet they always conveniently leave him off of the founders’ list.
This is literally the story of almost every successful tech venture. Even in the company I work for, the CEO was a former salesperson while the dev who started it all was still a dev after 20 years. He singlehandedly created the entire product catalog but no one outside of the company knows his name. The CEO's name is all over everything, including a "book" he "wrote".
There's always a low profile nerd somewhere in the background who is absolutely key to the whole operation but they rarely get cred.
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Oh good, some breathing room to finish Voyager's new onboarding flow
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Goodness I hope the gamestop nerds find a way to absolutely destroy this. If there is any chance of a scheme working, I will invest.
Time to buy shorts. Or puts. Or kangaroos. Whatever.
I don't know a fucking thing about stonks.
Perfect, you'll fit right in
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Founded in 2005 by web developer Steve Huffman and entrepreneur Alexis Ohanian, Reddit became best known for its niche discussion groups and its users voting "up" or "down" on the content posted by other members.
Disgraceful, disgusting, lying scum. Say his name: Aaron Swartz
Seems like a terrible investment, I can’t see what they can possibly do to add value. Everybody who wants to use Reddit is already on it and anything they do to try and milk it will just lose them users.
I've had the impression for a long time that Reddit could stand to lose a large part of its users in order to be more profitiable. The nerds getting into long winded "ackchually" "debates" are making the site worse for the meme scrollers and they are also not the type to click on ads. They're not trying to attract more users, they want to maximise revenue from the existing pool. I don't think it's a coincidence Reddit has been slowly moving away from "discussion board" and towards image and short video (like the other three big platforms) because that's where the money's at.
My prediction is that shortly after the IPO we'll see .old go away, and a further sterilizing of subreddits ability to forge unique identities. The only question I have is how do they expect to attract sufficient moderators, buuuut they haven't had trouble after the API debacle so maybe there are more people willing to provide free labor than I assume!
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Cool. That'll be a fun trainwreck to watch.
Ooh, I can finally short!
Contrary to many in here, I don't think this will cause another exodus from reddit. those who might be concerned by this have already left or reduced their time on the platform
If Facebook hasn't had a mas exodus, neither will Reddit.
Facebooks death is slow and ongoing, and I'm pretty sure Reddit's will be too.
I don't know where you are getting your numbers. maybe it's your selection bias, but facebook's userbase keeps groing, and even if its getting less teenager engagement, those teenagers are flocking to Meta's other platform Instagram.
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I've never bought options before, but I'm in for 10grand and shorting the shit out of this.
If you're serious, just remember the old saying "Markets can remain irrational a lot longer than you or I can remain solvent"
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I don't really care about Reddit but this is probably a bad idea
Usually they don't allow options on new stocks until after the cutoff period. Unless your broker allows naked shorting.
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I'm curious how they will tank their worth by then, as is tradition.
Easiest short of my life.
Wouldn't be surprised to see lemmy activity spike in March. Probably not as big as during the API debacle, but still.
Is it even worth anything to investors anymore at this point? Huffman kind of destroyed any faith anyone had in Reddit, seems like it's just going to slowly turn into an ad distribution service to scam people who don't know any better lol
Well yeah, but that's worth a lot.
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I hope the STONKS Apes are ready...
Buying puts on that bitch on day 1.
Hope we see some more migration. Lemmy is miniscule in comparison, with 60,000 active users by last count across all instances.
Heck, even /r/mildyinteresting has 220,000 users and that isn't even the main subreddit, it's a misspelled version of /r/mildlyinteresting.
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