Reddit power users balk at chance to participate in IPO as Wall Street debut nears

https://lemmy.world/post/13355182

Reddit power users balk at chance to participate in IPO as Wall Street debut nears - Lemmy.World

Most people I think see through this, they’re just trying to bring in some bag holders to inflate the share price while they cash out.
Yeah I don’t think mods and “power users” that stayed after last year are necessarily against reddit succeeding, just not willing to buy in at a 6.5bil valuation for a company that can’t turn a profit and lost 90+ mil last year and 700+ cumulative. And after the bad will they gained last year burning mods and third party apps it’s not a big surprise many are watching with a big ol’ bucket of popcorn.

They kicked myself and my entire mod team from r/Canning because we held a vote and our users asked us to shut the community down in protest of their 3rd party app policies.

Then recently they emailed and messaged me telling me I could get in on the ground floor of buying shares.

That’s going to be a big resounding “no” from me there u/spez.

Any canning related communities you can recommend now that you are over here?

My experience modding r/Canning burnt me out on online canning forums. There is a ton of unsafe information out there, and so I just got out of online canning discussions altogether.

There was a Lemmy instance out there that was intended to revolve around self sufficiency that offered me moderation rights to their canning forum, but that instance didn’t really take off, nobody ever posted to their canning community, and the instance went offline several months ago.

I still can — but I don’t participate in any online canning communities, so I’m not sure what’s trustworthy out there right now.

Fair enough, I can understand that. Happy canning either way!