this post was submitted on 28 Sep 2023
1773 points (98.3% liked)

Technology

34438 readers
189 users here now

This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.


Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.


Rules:

1: All Lemmy rules apply

2: Do not post low effort posts

3: NEVER post naziped*gore stuff

4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.

5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)

6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist

7: crypto related posts, unless essential, are disallowed

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] saigot@lemmy.ca 21 points 11 months ago (1 children)

they are preparing for IPO, the most inherently malicious owner there is!

[–] ReversalHatchery@beehaw.org 1 points 11 months ago (2 children)

Are they really still just preparing?

[–] saigot@lemmy.ca 3 points 11 months ago

yeah they aren't IPO yet, I think a lot of stuff didn't play nicely for them, with the ukraine war, the tech bubbles popping and the general global economic conditions things aren't exactly favourable. I think also the backlash to 3rd party apps and their general shittiness has been hurting them a bit more than they have said.

[–] KingThrillgore@lemmy.ml 2 points 11 months ago

Have been for years. Reddit is mismanaged, and the IPO is just an effort to get whatever they can before letting suckers hold the bag. They will never reach the valuation they had.