SNOOcalypse - document, discuss, and promote the downfall of Reddit.

4674 readers

1 users here now

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

This community welcomes anyone who wants to see Reddit gone. Nuke the Snoo!

When sharing links, please also share an archived version of the target of your link.

Rules:

Follow lemmy.ml's global rules and code of conduct.
Keep it on-topic.
Don't promote illegal stuff here.
Don't be stupid, noisy, obnoxious or obtuse (S.N.O.O.)
Have fun, and enjoy the popcorn! 🍿

founded 2 years ago

MODERATORS

[email protected]

475

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.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 11 points 10 months ago* (last edited 10 months ago)

It's amazing to me that these internet billionaires have really cool, popular, useful websites that are unique, and used for their uniqueness. Then they spend all their time and money trying to make the site into a clone of some other popular site because they view them as competitors. What they actually end up doing is destroying what made their website special to begin with, and then we the users end up with a few sites that are desperately trying to clone each other, that don't actually work well for anything anymore.