this post was submitted on 29 Nov 2023
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.

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SNOOcalypse is closing down. If you wish to talk about Reddit, check out !reddit@lemm.ee, !reddit@lemmy.world and !RedditMigration@kbin.social.

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Reddit might once again be flirting with an IPO (techcrunch.com)
submitted 11 months ago by lvxferre@lemmy.ml to c/snoocalypse@lemmy.ml
18 comments fedilink hide all child comments
 

IPO = Initial Public Offering, where shareholders offer to sell their shares to the public, shifting a company from a "private company" (it belongs to me, you, and that guy) to a "public company" (it belongs to anyone who pays enough for the shares).

The userbase has been always touchy when it comes to IPO, and rightfully so; they know that the new owners will only care about squeezing the platform dry. As such, I predict a new flood of Redditfugees to Lemmy and Kbin.

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[–] magnetosphere@kbin.social 11 points 11 months ago* (last edited 11 months ago) (3 children)

In related news, I’ve got a pile of human feces and used toilet paper for sale. There are trolling “jokes”, misogynistic rants, bot comments, and incel screeds written on the toilet paper. Any bidders?

[–] lvxferre@lemmy.ml 6 points 11 months ago

Have you considered an IPO of your toilet bin? You could get rich!

[–] qyron@sopuli.xyz 4 points 11 months ago

0.01€/kg

After carefully processed and composted, that is pure gold for agriculture and soil recovery.

[–] slurpeesoforion@startrek.website 1 points 11 months ago

I long expected a sub to show up of people's bathroom results. Never looked for it. Didn't want it myself. But fully expected it.