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

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In unsurprising news, Reddit prepares IPO (www.businessinsider.com)

submitted 8 months ago by cygnus@lemmy.ca to c/snoocalypse@lemmy.ml

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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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[–] dankestnug420@lemmy.ml 21 points 8 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.

[–] chicken@lemmy.dbzer0.com 20 points 8 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.

[–] can@sh.itjust.works 6 points 8 months ago

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