spaceribs@lemmy.worldtoReddit@lemmy.ml•Fidelity deepens valuation cut for Reddit and DiscordEnglish
1·
1 year agoNow just imagine for a moment, the same company in the late 2000s taking a completely different path. Imagine they offered the moderators to become worker-owners and Reddit became a cooperative rather than investor owned.
Imagine how much better the world would have been, and weep for the timeline capitalism just extracted from everyone.
They were always going to do that, the squeeze is basically required if you’re planning on making a public offering and become beholden to investors.