just so this doesn’t overwhelm our front page too much, i think now’s a good time to start consolidating discussions. existing threads will be kept up, but unless a big update comes let’s try to keep what’s happening in this thread instead of across 10.

developments to this point:

The Verge is on it as usual, also–here’s their latest coverage (h/t @dirtmayor@beehaw.org):

other media coverage:

  • falcon@beehaw.orgEnglish
    35·
    2 years ago

    This whole situation feels like a short term revenue grab. I bet shareholders are trying to inflate the numbers in order to cash out in the IPO.

    • Debs@lemmy.mlEnglish
      21·
      2 years ago

      Yeah. I think this is pretty much the accepted narrative. Kill the 3P apps -> Consolidate the user base -> Serve everyone adds -> Hopefully turn a profit -> Go public or sell the company -> Founders/Investors cash out and profit.

      The collateral damage is that they risk killing the culture that makes Reddit a place people want to congregate.

    • imperator@sh.itjust.worksEnglish
      12·
      2 years ago

      This is likely the case. I’m sure we’ll see an IPO this year or early next after they’ve pumped up numbers.