Prepare to see **many** subreddits purged in order to avoid any and all controversy that may affect **stock price.** (An Impossible task as this platform is about human interaction. Which by design **cannot** be predicted)
More on this subject from other reputable sources:
They are **100%** going to turn this site into an algorithm-based feed platform, like TikTok or Instagram reels.
Beginning of the end.
I think I’m gonna throw up…
The stock will eventually be a success. A great success ? I am not sure but we know it is designed to make founders rich…that’s it.
Going public, selling stock was at first, cost free capital. Now it’s speculation and getting fabulously wealthy on paper.
How do I know this will happen ? Because the mutual funds that rake in billion$ every payday from our 401Ks etc. will buy it and can always claim it is their fiduciary responsibility to do so even though of course…it is not.
Once the mutuals get done and the stocks appreciates in value the band wagon has hit the road and the speculators jump on. Once that lifts the price, founders sell millions of shares and laugh all of the way…to the bank.
Yes, there will be Musk-like manipulations and of course capitalist greed often makes [them] act stupid and readership falls. Membership fees bring in much less then expected and then the…suits take over.
Also bear in mind, last report was of a $90 million LOSS.
Bye Bye Reddit.
VC exiting and reinvesting to next startup?
So end of tech layoff… please?
8 comments
Been a good ride y’all ✌️
Infinite Greed.
Prepare to see **many** subreddits purged in order to avoid any and all controversy that may affect **stock price.** (An Impossible task as this platform is about human interaction. Which by design **cannot** be predicted)
More on this subject from other reputable sources:
—
– Neowin (C-): [Reddit reveals its current financial and user numbers as it prepares to go public ](https://www.neowin.net/news/reddit-reveals-its-current-financial-and-user-numbers-as-it-prepares-to-go-public/)
– Axios (B+): [Reddit finally files its S-1](https://www.axios.com/2024/02/22/reddit-ipo-filing)
– Business Insider (B-): [Redditors don’t want to buy Reddit stock](https://www.businessinsider.com/reddit-ipo-redditors-stock-wallstreetbets-meme-2024-2)
– Reuters (A): [Reddit’s US IPO filing reveals $90.8 million losses, 21% revenue growth in 2023](https://trib.al/0JcVsPJ)
—
[__Extended Summary__](https://www.reddit.com/r/newswall/comments/1axk89v/) | [FAQ & Grades](https://www.reddit.com/r/newswall/comments/uxgfm5/faq_newswall_bot/) | I’m a bot
Fuck gonna be a monthly fee now
They are **100%** going to turn this site into an algorithm-based feed platform, like TikTok or Instagram reels.
Beginning of the end.
I think I’m gonna throw up…
The stock will eventually be a success. A great success ? I am not sure but we know it is designed to make founders rich…that’s it.
Going public, selling stock was at first, cost free capital. Now it’s speculation and getting fabulously wealthy on paper.
How do I know this will happen ? Because the mutual funds that rake in billion$ every payday from our 401Ks etc. will buy it and can always claim it is their fiduciary responsibility to do so even though of course…it is not.
Once the mutuals get done and the stocks appreciates in value the band wagon has hit the road and the speculators jump on. Once that lifts the price, founders sell millions of shares and laugh all of the way…to the bank.
Yes, there will be Musk-like manipulations and of course capitalist greed often makes [them] act stupid and readership falls. Membership fees bring in much less then expected and then the…suits take over.
Also bear in mind, last report was of a $90 million LOSS.
Bye Bye Reddit.
VC exiting and reinvesting to next startup?
So end of tech layoff… please?