SNOOcalypse - document, discuss, and promote the downfall of Reddit.

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In unsurprising news, Reddit prepares IPO (www.businessinsider.com)

submitted 11 months ago by [email protected] to c/[email protected]

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Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.

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[–] riodoro1 38 points 11 months ago (7 children)

People here tend to think we’ve made a dimple in reddits statistics and our voices were heard. Nope, both reddit and it’s users couldn’t give a fuck that we’re gone. Most of reddit is not your niche communities you miss, its dumb memes, content copied from facebook and politics. Vast majority of users just installed the app and are happily scrolling away building someones personal wealth, remaining oblivious how much reddit knows about them and how much greasy, fat fingers of shit hoarders like goldman sachs would like to exploit that info.

[–] [email protected] 15 points 11 months ago

both reddit and it’s users couldn’t give a fuck that we’re gone

And I don't give a fuck what they give a fuck about. I'm glad that I'm here instead of there. Their success or failure is now irrelevant to me.

[–] samus12345 14 points 11 months ago

I'm just glad I had somewhere else to go while Reddit continues the march of enshittification.

[–] Clbull 14 points 11 months ago* (last edited 11 months ago) (1 children)

I have a different take on this. Spez is the reason we even have a viable alternative to Reddit.

Many Reddit competitors have come and gone over the years. Among the few I have used including Hubski, Snapzu, SaidIt, Voat, Ruqqus, Tildes and Syzitus, I have seen these platforms either turn into walled-off gardens with strict moderation (Snapzu & Tildes), fail to attract a user base (Syzitus & Hubski) or get commandeered by banned Reddit users and become right wing shitholes.

Lemmy is the closest we've ever come to circa 2012 Reddit and frankly, I hope it doesn't become mainstream.

I don't want to sound like some kind of pretentious hipster but going mainstream was what killed Reddit for me.

[–] MataVatnik 4 points 11 months ago

Yeah this feels real. Redditors felt inauthentic constantly worried about not getting downvoted.

[–] Fades 5 points 11 months ago (1 children)

Say what you will but Reddit content has changed for the worse overall.

[–] jacksilver 2 points 11 months ago

Yeah, I don't think Lemmy is "hurting" reddit, but something happened during those big exoduses and the content for some (maybe most) subreddits has gotten worse.

[–] [email protected] 3 points 11 months ago

Welcome to Brave New World. We do not have soma, we have something even better: social media!

[–] itsnotits 1 points 11 months ago (1 children)

Reddit and its* users
it's* dumb memes

[–] riodoro1 1 points 11 months ago

Your right.

Yes, I am fucking with you

[–] [email protected] 1 points 11 months ago

Nah, it definitely changed. Quality of posts went to shit. Comments are even more repetitive and idiotic than before.