Reddit IPO Filings Reveal the Company’s Hopes—and Fears (www.wired.com)
from jeffw@lemmy.world to technology@lemmy.world on 18 Mar 2024 20:54
https://lemmy.world/post/13275334

#technology

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jeffw@lemmy.world on 18 Mar 2024 20:57 next collapse

But Huffman, who cofounded Reddit back in 2005, also boasted that Reddit is different because it is “free from the airbrushing and filters of social media” and criticized what he sees as over-the-top meddling in online discussion.

lol

AbidanYre@lemmy.world on 18 Mar 2024 21:11 next collapse

over-the-top meddling in online discussion.

Like secretly changing comments that are critical of the CEO?

db2@lemmy.world on 18 Mar 2024 21:34 next collapse

Silence, landed gentry!

recursive_recursion@programming.dev on 18 Mar 2024 21:35 next collapse

yeeesh

if I ever do this I hope I get iced on the spot as it means that there’s a level of integrity that can be verified across all federated instances

SomeGuy69@lemmy.world on 19 Mar 2024 19:42 collapse

Maybe Huffman was getting nostalgic and started reminiscing about his jailbait subreddit, that was online for so many years on his beloved Reddit.

Wanderer@lemm.ee on 18 Mar 2024 22:20 next collapse

World news is a shower of shit.

Might as well be the IDF propaganda devision at this point.

Maven@lemmy.sdf.org on 19 Mar 2024 03:19 collapse

Before I quit, it was a pretty open secret that r/worldnews was a shithole, and the place to get news was r/anime_titties

I don’t know if they’ve gone under too by now, though

dalekcaan@lemm.ee on 19 Mar 2024 08:23 collapse

But what r/worldnews lacked in credible news, it made up for in anime tiddies

ohlaph@lemmy.world on 19 Mar 2024 02:55 next collapse

He’s quite delusional.

AlecSadler@sh.itjust.works on 19 Mar 2024 04:35 collapse

I hate him so much.

dhork@lemmy.world on 18 Mar 2024 21:30 next collapse

When does it actually go public, anyway? I want to wait a week and pick some up after the inevitable crash

Nvm, Google is my friend, trading starts Thursday

superduperenigma@lemmy.world on 18 Mar 2024 22:20 collapse

Just buy some puts early on. You do not want to pick up shares just to be stuck holding those bags for an indefinite period of time.

dhork@lemmy.world on 18 Mar 2024 22:36 collapse

Well, yeah, but I didn’t think they opened up options right away on new stocks

bradorsomething@ttrpg.network on 19 Mar 2024 01:14 collapse

Usually a week or two delay.

ganksy@lemmy.world on 18 Mar 2024 21:37 next collapse

A week might not be the bottom

phdepressed@sh.itjust.works on 19 Mar 2024 00:06 collapse

Hope not, if it goes down low enough maybe someone reasonable can buy it out.

BigMikeInAustin@lemmy.world on 19 Mar 2024 03:32 collapse

If WallStreetBets owns WallStreetBets, do we get a singularity?

Diamond hands!

Archer@lemmy.world on 19 Mar 2024 08:42 collapse

WSB will short WSB. They know themselves

muntedcrocodile@lemmy.world on 18 Mar 2024 22:11 next collapse

I really want to see it crash i hope all of wallstreetbets shorts them into next year.

simplejack@lemmy.world on 19 Mar 2024 00:56 collapse

Anyone can buy stock, but to short you need to get approved for a margin account and you need to put up some collateral. Those are two big barriers that are going to block many Redditors in WSB from shorting.

bradorsomething@ttrpg.network on 19 Mar 2024 01:13 next collapse

Puts are a poor man’s short. Sold calls are a rich man’s short. I expect a lot of sold calls.

z3rOR0ne@lemmy.ml on 19 Mar 2024 01:29 next collapse

This. Options are the way.

muntedcrocodile@lemmy.world on 19 Mar 2024 03:26 collapse

Ahh didnt know i dont play the market but id love to see reddit get some well deserved karma

NotMyOldRedditName@lemmy.world on 19 Mar 2024 06:09 collapse

You can just buy a put.

There’s no infinite loss risk either, the amount risked is determined up front.

Riskier in the sense it can expire worthless, you can’t hold it forever.

chaosppe@lemmy.world on 18 Mar 2024 22:32 next collapse

Wild. I wonder how bad reddit will be in a few years. If you think it’s bad now, It’s not even publicly traded yet, and we’ve all seen how money grubbing being a publicly traded company can become. “Make line go up no matter what” 👀

Fisk400@feddit.nu on 18 Mar 2024 22:57 collapse

NSFW is going to get banned within a year or two. It would be irresponsible towards the share holders not to, because porn lowers advertising value.

Untitled4774@sh.itjust.works on 19 Mar 2024 00:59 next collapse

Which is one of the only good reasons to still go to the site

BigMikeInAustin@lemmy.world on 19 Mar 2024 03:24 next collapse

If they keep the porn, Texas Governor Abbott will block Reddit from Texas. Well, losing the MAGAts might help Reddit get better.

pastermil@sh.itjust.works on 19 Mar 2024 15:16 collapse

It won’t help with their bottom line tho

BigMikeInAustin@lemmy.world on 19 Mar 2024 19:01 collapse

Reddit can just ask Russia to create more bot accounts.

slumlordthanatos@lemmy.world on 19 Mar 2024 05:27 collapse

old.reddit is probably going to be on the chopping block, too. I only go for niche communities these days, but I’m gone for good once old.reddit is gone.

topinambour_rex@lemmy.world on 19 Mar 2024 06:38 collapse

That’s the plan. They announced it laqt year as the same time the api stopped to be free.

yuki2501@lemmy.world on 19 Mar 2024 15:10 collapse

The fact that we’re reading and commenting about it on Lemmy is satisfying, despite the sadness of the situation. It’s like watching the city burn after you moved away and saying “wow, I guess I really took the right choice by leaving.”