Fidelity has further slashed the estimated worth of its holdings in Reddit and Discord as well as SaaS startup Gupshup.

  • Possible_EmuWrangler@lemmy.world
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    1 year ago

    “Tomorrow is when the real shit hits the fan.” I don’t know about that. I think it’ll take a while and there will be several stages. Tomorrow the power users leave, and moderators might either do a lot less or disappear completely.

    Then would be a rise in bots (i saw an AITA post i thought might be bot generated as i couldnt possibly think how “OP” could be anything but an asshole) and spammers, people voting might help keep some of that at bay while the users who browse by hot might still get what they want. Then there would likely be migrations of users.

    I think people who go to subs like funny and AITA could still be there for a while, but i think the content will degrade and some subs i think have taken permanent hits in viewership. 4 months ago i could think of some where i’d consider advertising a product to a niche, but there’s zero chance i’d be parting with money today.

    I think the effects of this will be large and far reaching, but those looking to cash out are still steaming ahead for their IPO payday, and whatever happens from there will be the new owners concern. It’d be different if i thought they wanted to IPO and still hold a large share of the company, but everything im seeing leads me to believe thats not the case.

    • Buffalox@lemmy.world
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      1 year ago

      Tomorrow the power users leave

      Today the app users are forced away.

      We can already see lemmy.world has grown 15% or 8k users in half a day. If that’s representative, the coming days will be worse for reddit than the blackout and protest period.

      That was what I meant, that for reddit the shit hits the fan today for real, as in the consequences of their decision will hit harder when they are actually implemented.