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I would give you a worthless gold award but Lemmy doesn’t have those.
Gold? The worthless metal used to hold latinum?
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I would give you a worthless gold award but Lemmy doesn’t have those
…yet
I’m still missing a lot of the niche communities that haven’t cropped up here yet, but this instance and the USS Hood discord have been a diverting replacement.
give it time or better yet, start one yourself, it’s a new day.
The good thing is that the more niche they are, the easier it is to just move somewhere else since you don’t have to convive millions of people.
BS comparison. Ferengi have at least some kind of moral compass.
By the 57th Rule of Acquisition, “Good customers are as rare as latinum. Treasure them,” Reddit is being a bad Ferengi.
is spez the brunt?
Liquidator Spez. RCA (Reddit Commerce Authority)
Total Brunt
Instead of the FCA, it’s “F Users in the A”
More like Rom.
The 34th Rule of Acquisition. War is good for business
Quite an impressive likeness of Spez there
No need to insult Quark, jeez.
An apt comparison
thx just made the switch today. already netting other positives being off reddit.
I nuked a 15yr and 14yr old account on reddit. Just one more to go and today is the day.
All useless gold!
Someone extracted all the latinum!..
Like those bars have no lattinum their subreddits will have no posters
no creators = no content = no faces to put ads in front of
edit: the restore feature is neat btw!
I’m sure ChatGPT can keep filling r/AITA threads. At least half of them were made up already anyway.
“AITA for making up legal precedent which got some lawyer in trouble?”
Wait till someone let’s catgpt’s meow-engine loose on the remains of reddit.
It won’t be clicking ads for them though!
Whooooo that is a sexxxxy ferengi!
I mean just look at those lobes 😏
@spiderkle So, do you want to be paid in pressed latinum or oppressed latinum?
lol that’s good
I deleted my final two accounts today. It won’t be easy, but it’s time for me to move on.
Congrats, It’s a new day! Just nuked my reddit yesterday, leaving no content to be profited from. It’s strange how stagnant and unflexible reddit had become over the last years.
Check back up on it though. Saw a video where someone nuked account/comments and reddit un-deleted everything. Even if misleading, wouldn’t hurt to confirm account is dead in a bit.
There is so many situations where big business just wins, I’m so glad to witness a possible situation where the community wins (even if it’s short lived)
To even think people subscribed to reddit premium to help the still private company and it’s devs.
Yes
Even if currency were their currency…
https://techcrunch.com/2023/06/30/fidelity-deepens-valuation-cut-for-reddit-and-discord/
[Fidelity Blue Chip Growth Fund] has further slashed the estimated worth of its holding in the social platform Reddit… [it] valued its holdings in Reddit at $15.4 million as of May 31… That’s down 7.36% from the $16.6 million mark at April’s closure and altogether a slide of 45.4% since its investment in August 2021. The updated share value suggests a $5.5 billion valuation for Reddit.
Very interesting. It doesn’t seem to be that big of a downturn in the total valuation, but it’s continuing several small downward trends for the platform. Close to 10% down isn’t breaking the bank, but Investors always just count engagement numbers (for ad monetization). So it’s not even factoring in the loss of content and free manpower / creators yet. Those will hurt the bottom line in the long run.
It’s close to 50% down in 1 year. That’s a huge valuation cut. Wait til they realise they lost many of the power users who were actually giving the website content. It’s all downhill from here.
that would be enourmous
Rule of acquisition #142:
If there’s no product, there’s no profit.
