this post was submitted on 20 Jul 2023
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Bad press is going to spook investors significantly more than the additional traffic from Lemmy users would generate.
You are wildly overestimating the size of the entire Lemmy community. And we're not talking about the whole of Lemmy either.
AND let's be honest with ourselves, it isn't Lemmy users driving this. There are like, dozens of us. It's almost entirely pissed off Redditors.
100 pixels, arranged correctly, stress out Reddit a lot more than 100 missing impressions.
Everyone who left reddit or significantly reduced their time on reddit returning to constantly refresh a page advertisers won’t see that says “fuck spez” is helping to boost Reddit’s numbers. This isn’t just about whatever number of people left reddit for Lemmy.
IPOs are built around speculative value. The markets are watching what happens in real time to what happens to a cornerstone social media platform with an out-of-touch CEO (Twitter), and watching the valuations lose 47% of their value, whos users when given the slightest opportunity fled en masse to a competitor (Threads)
Then they look over at Reddit and see Huffman PRAISING Musk, and watching users form a populist revolt and open hostility towards the CEO. It looks a little bit familiar
We're talking about traffic variations on like, maybe a percentage point. Fucking big whoop. If you're an investor, that extra percent is peanuts. It is nothing. The nagging feeling that you're going to end up in a twitter-esque bag holding scenario?? THAT is something.