‘Front page of the internet’: how social media’s biggest user protest rocked Reddit::A mass user protest six months ago over technical tweaks had big downstream effects, and now the ‘front page of the internet’ is changed for ever

  • BarqsHasBite
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    1 year ago

    It will definitely affect the ipo. Ipo’s are all based on expected growth. Any loss of users, mods, content, etc affects that. It was already in the news that whatever company wrote down the value of their holdings.

      • ProdigalFrog
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        1 year ago

        As a moderator of a fairly large sub over there, I strongly suspect this is happening on a mass scale. According to our stats, we’re getting 120k unique views a month (dropped dramtically during the exodus, but has seemingly returned to normal now), but posts rarely get more than 20 upvotes or comments. I know most redditers are lurkers, but even still, that just seems like an oddly high number of views.

    • @doctorcrimson@lemmy.world
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      171 year ago

      In fact, they’ve already failed their quarterly projections from ad revenue which has already negatively affected their IPO evaluation.