this post was submitted on 16 Jun 2023
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Reddit Migration

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### About Community Tracking and helping #redditmigration to Kbin and the Fediverse. Say hello to the decentralized and open future. To see latest reeddit blackout info, see here: https://reddark.untone.uk/

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Which is why /u/jailbaitlover I mean /u/spez is sending the message that they would gladly give total power to whatever mod crosses the picket line so they can boot the rest.

If Reddit had to replace all these mods it would be complete chaos and is not much better than the blackout. They will see the same exact problems Twitter has seen since they fired most of their content moderators.

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[–] zcd@kbin.social 29 points 1 year ago (9 children)

Why go through all that effort when you can just replace one CEO?

[–] motie@kbin.social 16 points 1 year ago (8 children)

I doubt that it is just the CEO. With an IPO coming up, all the stakeholders and the board and the senior leadership are poised to make a shit ton of money. This whole thing is designed to make the company more attractive to investors so they are all on board.

[–] FlowVoid@kbin.social 3 points 1 year ago (7 children)

Make a ton of money, or depending on how things go, lose a ton of money.

[–] PoopingCough@kbin.social 2 points 1 year ago (1 children)

Insiders typically don't lose money even if a company tanks after ipo. The ipo is a set price and it's pretty common for insiders/other shareholders to dump their bags at that price while people biying at the ipo get fucked.

[–] FlowVoid@kbin.social 1 points 1 year ago

People keeping an eye on recent events at Reddit might be reconsidering that set price...

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