IPO = Initial Public Offering, where shareholders offer to sell their shares to the public, shifting a company from a “private company” (it belongs to me, you, and that guy) to a “public company” (it belongs to anyone who pays enough for the shares).

The userbase has been always touchy when it comes to IPO, and rightfully so; they know that the new owners will only care about squeezing the platform dry. As such, I predict a new flood of Redditfugees to Lemmy and Kbin.

  • Melody Fwygon@lemmy.one
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    11 months ago

    I mean; we could always take reddit down the same way WallStreetBets took down GME… [/S] [NOT FINANCIAL ADVICE]

      • Neshura@bookwormstory.social
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        11 months ago

        Superstonk is so brainwashed by the mods that they would “naturally” (more like: any opinion other than that gets removed) start theorizing that Hedgefunds want to buy reddit only to shut down Superstonk. Just to highlight how bad the Superstonk mods are: The word “Lemmy” gets you autobanned