Reddit faces new reality after cashing in on its IPO
Reddit faces new reality after cashing in on its IPO
arstechnica.com Reddit faces new reality after cashing in on its IPO
Reddit must now answer to its shareholders as well as its vocal users.
cross-posted from: https://lemmy.zip/post/12276054
Reddit must now answer to its shareholders as well as its vocal users.
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Wrong.
Reddit only needs to answer to shareholders. Users have never mattered.
It's the old adage:
If something is free, you're the product not the customer.
Right. The users are the product. What do you think happens when a vendor runs out of product?
Users matter.
only if they earn money. otherwise they're something you can sell to an advertiser - and that's the only value they have.
USA: In Shareholders We Trust
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