• Pumpkin Escobar@lemmy.worldEnglish
    36·
    2 years ago

    Shorting the hell out of this one.

    My bet is that their valuation is going to be ridiculous and the price will drop like a rock for at least 6 months to a year

    • sylver_dragon@lemmy.worldEnglish
      22·
      2 years ago

      The company, which generates its revenue primarily through advertising and also offers premium access for $5.99 per month, has yet to turn a profit

      Ya, this seems like a bad investment. And the need to turn a profit will likely lead to a worse and worse user experience as Reddit tries to monetize them.

      • givesomefucks@lemmy.worldEnglish
        11·
        2 years ago

        Yep.

        Al the “disrupt the system” tech is just something that people use because it operates at a lose. The vast majority of the time the changes to turn a profit kill the platform.

        Twitter has been around forever, and never turned a profit.

        That didn’t stop an egotistical idiot from spending billions in it tho. Because he thought he was smart enough to easily do it.

      • gregorum@lemm.eeEnglish
        6·
        2 years ago

        spez is using Musk’s Twitter business model. it’s sure to work— just not the way he hopes…

      • Pyr@lemmy.ca
        2·
        2 years ago

        If they can’t make a profit now I’m not sure how they expect to get more and more profits every year / quarter for the investors to pocket.

    • Aurix@lemmy.world
      7·
      2 years ago

      Especially the worse the AI botting problem will become. Let us hope Lemmy will have good tools and a community to mitigate that.

  • leaskovski@kbin.social
    12·
    2 years ago

    This is it then. The IPO will push them into more money making ideas this pushing more users away and into the fediverse

  • Pons_Aelius@kbin.social
    10·
    2 years 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.