If the market for initial public offerings recovers in the new year, one company that aims to go public early on is Reddit. An IPO will put the spotlight on the prospects for Reddit’s advertising business, which has fallen short of ambitious growth targetsoutlined by executives two years ago. ...
  • spudwart@spudwart.comEnglish
    30·
    11 months ago

    This will trigger an enshittification cycle.

      1. Underperformance per-quarter resulting in anti-user actions to increase profits.
      1. Users leave because of anti-user actions.
      1. Profits will decrease as users leave until the end of quarter.
      1. Return to Step 1.
    • Mango@lemmy.worldEnglish
      7·
      11 months ago

      This sounds like accelerationism. 🤣

      The thing is, I’m pretty sure you nailed it.

      • spudwart@spudwart.comEnglish
        8·
        11 months ago

        I mean it will help Lemmy. But It certainly will result in more EEE attempts on the fediverse.

        • Mango@lemmy.worldEnglish
          1·
          11 months ago

          We just gotta make like Naruto when he’s learning to hijack the kyuubi chakra for himself!

          • Ahri Boy@lemmy.dbzer0.comEnglish
            1·
            11 months ago

            Smaller instance admins are ready for defederating big websites in the event of adopting ActivityPub. Bluesky server owners should have the power to filter out content and defederate from other servers.