Reddit's cofounder said that at first the company felt like 'a homework assignment that got out of hand' rather than a business
www.businessinsider.com
Reddit's cofounder Steve Huffman said in its early days he filled up most of the site with content using different accounts until it got more users.

Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.

  • LiveLMEnglish
    80·
    1 year ago

    Sincerely hope it crashes and burns, even though I find it unlikely.
    Fuck spez for ruining my favorite social media ever.

    • fxt_ryknow@lemmy.world
      32·
      1 year ago

      Amen. 9 years on reddit. I spent countless hours per week browsing and posting. I don’t have Facebook, Instagram, Snapchat or any of that shit… Literally was just reddit. And he destroyed it.

      If I being honest… I know that all those hours I was wasting was literally just that… Wasted time. But… I enjoyed it, so I don’t care. I miss the good ol reddit days.

      Fuck Spez should be a t-shirt.

      Edit: I should clarify that I DO appreciate what has gone into the fediverse and it provided me a place to go for a similar experience. To any of the devs and people growing it… Props to you all! The dev who made sync work for lemmy… My dude… Thumbs up! Sync was hands down my all time favorite reddit app, and now I have it here!

      • neutron@thelemmy.club
        2·
        1 year ago

        Reddit could have retained the public goodwill just by communicating things in a transparent manner… well 🤷