Reddit faces new reality after cashing in on its IPO
Reddit faces new reality after cashing in on its IPO
cross-posted from: https://lemmy.zip/post/12276054
Reddit must now answer to its shareholders as well as its vocal users.
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
