Reddit seeks to launch IPO in March

https://lemmy.world/post/10873075

Reddit seeks to launch IPO in March - Lemmy.World

It’s happening
Expect a new wave of refugees to Lemmy every fiscal quarter as they make ridiculous changes to increase the value of a sinking ship for shareholders.
I hope you’re right.
I hope it doesn’t ruin what we have here
Same. The main reason I never had a Reddit account is because it is too big. You either get drowned out or swarmed by an army of dissenting opinions no matter how innocuous your comment was.
A good administrator, some good moderators, and the ability to create more instances, can solve that situation. The third one is easy, the other two...

That’s the nature of entropy in any system, especially one where anyone can freely engage with it. I think it should be recognized that anything good will inevitably change, and by being aware of it, we can take steps to slow down the inevitable descent into chaos.

If anything, I do think the fediverse itself is a good set-up for preventing the sort of issues that Reddit eventually faced. It’s almost like the internet itself. There’s no centralization, only various participating end-points sharing and receiving data.