I don’t see Old Reddit lasting long. They’ve cut beloved features before, and they’re still calling New Reddit a “beta feature”. After they’ve pumped enough resources into developing it, I’m sure they’ll move past the “test” phase and just cut Old Reddit out entirely. That’s probably going to be Lemmy’s next big user surge.
Does Reddit suppress mentioning Lemmy? I remember for a while this past June 2023 there were a lot of auto-deletions for mentioning or linking to Lemmy. I was never clear on who was deleting things and where. I guess linking to the r/Lemmy subreddit (or a fediverse sub) could work as long as the subreddit doesn’t get banned.
When Reddit ipos and it tanks. They’ll push more bad decisions. That’ll be when people start to leave.
I have no experience to say whether it will succeed or tank. Why should it fail?
To be clear, I left Reddit and am not going back, but I’m curious what are some indicators the IPO won’t do well.
https://techcrunch.com/2023/06/01/fidelity-reddit-valuation/
This.
Another issue is if you look at companies that started to push what was perceived as woke agendas, they got thrashed in the market, Target, Inbev.
WHat will also hurt reddit the number of bots. Advertisers are taking a harder look at are their dollars effective on online platforms.
For most the brands I saw advertising on reddit, there is no way they were getting a return on their investment.
Once they go public, most of this information will come out.
When Reddit IPOs, hopefully mods will wonder why they’re doing free work just so spez can get rich of their backs.
I think the ipo won’t do well. I think it’s going to underperform drastically. I wouldn’t invest. Too much drama and controversy to draw my investment dollars.
I forget which bank but they already wrote off a large part of their investment.