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  • 8 comments
Joined 3 years ago
Cake day: June 22nd, 2023
  • I’m sure reddit algos would have made it into something in the absence of any contributions.

    Also remember that most people did not migrate to lemmy. Just us nerds, so far. At least from what I can tell.

  • Someone always benefits when public companies go bankrupt or lose value, so yes.

    Honestly, the part I don’t get? That they didn’t wait to start self sabotaging the business after the insiders had been able to offload their positions in an IPO.

    Like, the usual way to do this would have been:

    IPO at status quo Redditors buy shares Insiders sell shares and open shorts Reddit begins to implode itself Redditors hold bags, insiders laugh from their yachts

    Who, at this point, is going to buy into reddit’s IPO?