Reddit shares are plummeting from the rally highs experienced after the social messaging company's IPO last week.

This post tightly fits what I want to see in this community. Anti-corporate sentiment and “good news” for non corporate entities.

  • undergroundoverground@lemmy.worldEnglish
    91·
    8 months ago

    Its entire business mode and potential to make profit one day l is 100% dependent on the endless free labour of power hungry, borderline sociopathic, scab mods who used the IPO protest to consolidate their influence and stab all the other mods in the back.

    Unless reddit is banking on major AI breakthroughs to replace them, it was always a wild valuation.

      • Hoomod@lemmy.worldEnglish
        3·
        8 months ago

        Probably meant API changes, which was the final step of leading to the IPO, shut out all competing apps using the site