• Nullroad@beehaw.org
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    1 year ago

    Agreed. I think the post-IPO layoffs will be aggressive in Reddit’s case.

    It’s not clear to me how reddit could possibly “grow”. They’ve hit peek influence, and ad-revenues haven’t really been a growth factor that has excited investors. They’re not really a technology powerhouse like Facebook or Google - all they have is their central product. So, when the IPO drops, all I can see for reddit is a future of aggressive layoffs and strong enshittification of Reddit as they seek capitalistic eternal increasing growth.

    • darkfoe@lemmy.serverfail.party
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      1 year ago

      Yeah Reddit would make an excellent private company with the right owner and likely some re-structuring, but as a public company ooh boy.

      Outside some niche subs I’m not on there more than once a day just to see if my lemmy subs missed something, and it’s my last form of social media outside discord/matrix, so if lemmy does take off enough I’ll probably only be there for the odd technical search, which I suspect lemmy will take care of in time.