this post was submitted on 24 Jun 2023
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Showerthoughts
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A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. The best ones are thoughts that many people can relate to and they find something funny or interesting in regular stuff.
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Unfortunately (or fortunately), AI bots did not exist at that time. Plus, Digg was only succesful for 2 - 5 years, while Reddit managed to get at least 12 succesful years in before turning violent on its users with the help of AI and advertisers.
Reddit's enshittification was delayed by COVID, but it happened nonetheless.
Money grab via IPO. During covid Reddit saw all the crap companies going public and making bank and tried to get in too, but the bubble popped before they could close a deal. Now they are trying again while things are on the upturn and investors are more willing
I wouldn't touch this IPO when it does happen, major rug-pull vibes