CoffeeAddict

joined 1 year ago
[–] CoffeeAddict@kbin.social 6 points 9 months ago (2 children)

The company is moving ahead with its plans to go public more than two years after it first confidentially filed with the US Securities and Exchange Commission. Reddit’s listing is closely watched as a bellwether of an IPO market in the midst of a tentative rebound from a two-year dearth of first-time share sales.

Looks like the enshittification is about to get even worse than it was. Perhaps we might see another exodus to lemmy/kbin once this happens?

 

REDDIT posted a more than 20 per cent rise in revenue in 2023 versus the year before, sources familiar with the situation said, as it prepares for one of the United States’ most anticipated potential initial public offerings (IPOs).

[–] CoffeeAddict@kbin.social 2 points 1 year ago

Right.

My intuition says this has to do with kbin wanting to interface with mastodon, but I cant be sure.

I do wonder how this will impact the Fediverse as it grows. I would not be surprised if the feature creates schisms in the future.

[–] CoffeeAddict@kbin.social 12 points 1 year ago (2 children)

It actually already is a feature. Kbin puts it upfront, and I think lemmy also has a way to access it.

I think it remains to be seen whether or not it’s a good idea.

I’ve seen some people say they like the idea because it make people think twice about downvoting - it cuts back on the instinctive “I don’t like this so I am gonna downvote.”

But, as you said, do we really want people coming after you because you downvoted them? There are crazy ass people out there, and if you ever get doxxed it could be a problem.

Maybe that last point is hyperbole, but crazy people are gonna do crazy things.