I hope investors will see that the technology powering Reddit is no longer novel in execution or deployment. ActivityPub and its derivatives like Lemmy have proven this fact in practice.
The value of Reddit lies in its userbase and quality of dataset. As Reddit evolves to become increasingly hostile toward its userbase, the most valuable members become the most heavily impacted. This leads to the migrations away from the platform and eventual degradation of data quality. The sale of user data to AI ahead of the IPO is an important indication that the Reddit c-suite is keenly aware of this.
Hopefully the financial world will view the IPO as a cash-out for investors and not a viable investment into a sustainable business model.
Reddit is already starting to replace permanent bans with little two or three day bans because they can’t afford to lose the active users that tend to get reports.
I hope investors will see that the technology powering Reddit is no longer novel in execution or deployment. ActivityPub and its derivatives like Lemmy have proven this fact in practice.
The value of Reddit lies in its userbase and quality of dataset. As Reddit evolves to become increasingly hostile toward its userbase, the most valuable members become the most heavily impacted. This leads to the migrations away from the platform and eventual degradation of data quality. The sale of user data to AI ahead of the IPO is an important indication that the Reddit c-suite is keenly aware of this.
Hopefully the financial world will view the IPO as a cash-out for investors and not a viable investment into a sustainable business model.
Removed by mod
Reddit is already starting to replace permanent bans with little two or three day bans because they can’t afford to lose the active users that tend to get reports.
Wait, elaborate further?