The users, and only users, need to be the shareholders. A bunch of useless venture capitalist parasites should never again be allowed to own and destroy our public spaces.
this post was submitted on 26 Dec 2023
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If y'all stop investing your time and energy into private companies as if they're the public interest, we wouldn't have these issues.
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Good. fuck'em.
Spez, self styled content king, screwed by own outsized ego and underwhelming intellect.
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2024 is literally a year of leaving Reddit for Lemmy.
Because 2023 wasn't?
To elaborate: what Reddit did this year wasn't enough for a (major) mass migration. I very much doubt even more ads will deter those that have stuck around so far. Perhaps there'll be a trickle, but I don't see anything happening like what was the case for Digg back in the day.
This will trigger an enshittification cycle.
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- Underperformance per-quarter resulting in anti-user actions to increase profits.
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- Users leave because of anti-user actions.
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- Profits will decrease as users leave until the end of quarter.
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- Return to Step 1.
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Fuck Spez.
I’d rather not even see that cunts face
Smoke a massive bag of dicks spez
Will nobody think of the infinite growth!?
Smoke a turd, spez. 😘
Mandatory Fuck Spez comment
Remember when the IPO was supposed to be in 2021? Then it was 2022? 2023?
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that's what they get for perma-banning all their human users.
Since there's a paywall, I can't see the whole article but does this imply there was still positive ad growth and they just missed their goal or there was no or negative ad growth?
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Nobody saw this coming… /s
The company I work for spends ads on social media companies for ransomware protection and regularly spend is regularly negative. That means we spend more money on advertising than we do in income. We only do it to maintain some market share but otherwise it's just a pure loss on that platform.
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Wow, they really spezzed up bad.