this post was submitted on 07 Jan 2024
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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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In unsurprising news, Reddit prepares IPO (www.businessinsider.com)
submitted 10 months ago by cygnus@lemmy.ca to c/snoocalypse@lemmy.ml
62 comments fedilink hide all child comments
 

Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.

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[โ€“] cyborganism@lemmy.ca 85 points 10 months ago (8 children)

Let the enshittification ~~begin~~ continue. Now that stockholders will be expecting increasing profits, I don't see how Reddit can remain free to use.

[โ€“] lvxferre@lemmy.ml 39 points 10 months ago* (last edited 10 months ago) (1 children)

I feel like Greedy Pigboy and Reddit Inc. as a whole deserve to be punished, for all that "my precious data! No, it is not the users', IT IS MINE! MY PRECIOUS!" fiasco. Enshittification will happen either way.

[โ€“] cyborganism@lemmy.ca 26 points 10 months ago (3 children)

Exactly. Reddit has been building this huge knowledge base for well over a decade. Built by the users themselves. He knows what he's got.

I think I'll go ahead and log back in and delete all my old posts and comments. Fuck him.

[โ€“] ademir@lemmy.eco.br 2 points 10 months ago

I did it

[โ€“] jarfil 1 points 10 months ago

He knows what he's got.

No he doesn't.

They unlocked old comment editing some time ago, you can now edit comments even in "archived" posts. If you get a GDPR export, then you can "fix" the content of, let's say, 30k comments spanning over a decade. There are some helpful tools on GitHub... but you may want to do it before he actually realizes and they lock you out.

[โ€“] nukul4r@feddit.de 1 points 10 months ago

People did that, and they restored the posts...

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