• argv_minus_one@beehaw.org
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    1 year ago

    My guess is the venture capitalists are done funding Reddit, and the owners are looking to quickly IPO, cash out, and skedaddle before the company collapses. Then some right-wing political organization with deep pockets will take over what’s left of Reddit and use it as a mouthpiece.

    • The Doctor@lemmy.ml
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      1 year ago

      And/or, private equity is revving up the bulldozers to strip mine each and every last bit of value out of it before they let it collapse.