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Reddit's unpopular changes were inspired by Elon Musk's layoffs & cost-cutting (twitter.com)

submitted 1 year ago by concealmint@lemmy.world to c/lemmyworld@lemmy.world

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[–] Ech@lemmy.world 4 points 1 year ago* (last edited 1 year ago) (1 children)

maybe they wanted to burn the place to the ground before an ipo, you never know

I admittedly don't know much about IPOs, but...wouldn't that tank the value and lessen the profit from said IPO?

[–] skillissuer@lemmy.world 6 points 1 year ago

sure, if your incentives are purely economic, then it does not make sense. but, just look at what musk did with twitter - he burned bulk of its value, sure, but he also had ideological incentives to flood that place with altright chuds, and that worked. this does not make sense here tho