this post was submitted on 07 Jan 2024
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.

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SNOOcalypse is closing down. If you wish to talk about Reddit, check out [email protected], [email protected] and [email protected].

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In unsurprising news, Reddit prepares IPO (www.businessinsider.com)
submitted 11 months ago by [email protected] to c/[email protected]
162 comments fedilink hide all child comments
 

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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[โ€“] 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.

[โ€“] MataVatnik 4 points 11 months ago

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