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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In unsurprising news, Reddit prepares IPO (www.businessinsider.com)
submitted 10 months ago by [email protected] to c/[email protected]
179 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€“] [email protected] 116 points 10 months ago (18 children)

The only way reddit is worth $15 billion is if they have plans to sell user data to AI companies.

[โ€“] [email protected] 23 points 10 months ago (2 children)

I bet it'll be like the old days where they use bots to post fake comments to appear more populated.

[โ€“] [email protected] 20 points 10 months ago

My conspiracy theory is that this is half the reason they disabled the API. They want it to happen, but don't want to be on the hook for overtly deceiving investors, so as a workaround with plausible deniability they hobble the ability of users to do anything about third party spam.

[โ€“] [email protected] 6 points 10 months ago

I don't think that's ever actually stopped.

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