• Pons_Aelius@kbin.social
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    10 months ago

    They are about 2 years too late.

    The rise in interest rates and the end of easy VC money has swung the dial back to: Companies actually need to generate profit and not just show user growth to be attractive to investors.

    The IPO will not go as spez dreamed for so long.

    • lemmyvore@feddit.nl
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      10 months ago

      It would be such a pity if it turns out the protests caused him to miss the good window.

      • cosmic_slate@dmv.social
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        10 months ago

        The protests came several months later, I doubt they had any effect. The end of the line was last January.

    • Pons_Aelius@kbin.social
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      10 months ago

      Honestly, why bother?

      Management has been wanting to cash out for a decade.

      The IPO will go ahead, the reddit of the days of yore is dead. It will not improve.

      The horse is dead, beating it will just make you hot, sweaty and your arm sore.

      No matter what you feel about the place it was never going to go any other way.

  • bdonvr@thelemmy.club
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    10 months ago

    I give it 2 months before they axe or further cripple old.reddit prior to IPO, should give Lemmy another wave of new users.

    • stallmer@sopuli.xyz
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      10 months ago

      If I were them I would definitely keep it up at least until the IPO so they can still count that traffic.

  • balancedchaos@lemmy.world
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    10 months ago

    Oh, not a good time to do that. I wonder if something forced their hand to do an IPO during an economic downturn.

    • Pons_Aelius@kbin.social
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      10 months ago

      Take The Money and Run?

      I was thinking more along the lines of: The Gambler

      You got to know when to hold 'em, know when to fold 'em

      Know when to walk away and know when to run

      Except they should have walked away about 4 years ago…when their chip stack was a much larger pile. Now they are trying to run with what they have left.

  • Truck_kun@beehaw.org
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    10 months ago

    I think this is a great time for remaining Reddit users to do a 3 month Reddit detox.