Because most people don’t recognize a fundamental difference between capital “C” capitalism (the economic principal of supply and demand. and “venture capitalism” which is about speculating on a business’ future based on what essentially amounts to a magic 8 ball.
It’s all just rigged gambling. That money won’t benefit the company at all. The investors just sold all their stocks to the hedge funds and retirement funds for them to lose money on, like always. The IPO was just a way to pay off investors and let executives cash in their stocks. I’d love to know what restrictions on selling came with the stocks that were given to regular employees and users/mods. Like are they allowed to sell right away or do they have to hold it for some period of time?
But about as democratic as can be. No one was forced to buy Reddit. Benefit or not to the company, the company was essentially sold. The new owners of their very own choice will want a return. A big return to essentially cover 8 billion they just paid for it.
Reddit will need tens of billions in revenue to make the profits those new owners will demand. It is that drive to justify the cost that will make it another shitty bloated ad platform.
It has 1/100th of the users of Reddit and it’s just a Twitter clone but it’s meme stocking because Trump is on there. Obviously the company isn’t actually worth billions but it’s a fun comparison.
not only is it a mastodon clone, it’s an out of date, wretchedly insecure mastodon clone. cause, you know, trump gets the BEST people lol… fucking clown show
Reddit has a market cap of $7.8 Billion right now.
Truth Social had a market cap of $8.4 Billion.
Nothing’s real 😅😓
Capitalism is literally a pyramid scam.
Why do people keep misrepresenting capitalism as some silly boogie man? This is just as stupid as people claiming socialism is innately bad.
Because most people don’t recognize a fundamental difference between capital “C” capitalism (the economic principal of supply and demand. and “venture capitalism” which is about speculating on a business’ future based on what essentially amounts to a magic 8 ball.
Because people don’t understand what the word means. They just want upvotes for saying capitalism is bad.
Removed by mod
You’re talking me now? How creepy.
Sticks and stones won’t get you a positive score in your own community.
You’re creepy. You’ve created about 20 accounts to stalk and harass me.
It’s all just rigged gambling. That money won’t benefit the company at all. The investors just sold all their stocks to the hedge funds and retirement funds for them to lose money on, like always. The IPO was just a way to pay off investors and let executives cash in their stocks. I’d love to know what restrictions on selling came with the stocks that were given to regular employees and users/mods. Like are they allowed to sell right away or do they have to hold it for some period of time?
But about as democratic as can be. No one was forced to buy Reddit. Benefit or not to the company, the company was essentially sold. The new owners of their very own choice will want a return. A big return to essentially cover 8 billion they just paid for it.
Reddit will need tens of billions in revenue to make the profits those new owners will demand. It is that drive to justify the cost that will make it another shitty bloated ad platform.
The stock market has a lot of magical thinking behind it. That’s why there are constant frauds.
Influencing Spez’s options on steel tarrifs isn’t worth as much as the founder of Truth Social
This is the first I’ve heard of whatever truth social is
It’s where all the Maga people went after Twitter started banning them for pushing (I think it was russian) propoganda.
It has 1/100th of the users of Reddit and it’s just a Twitter clone but it’s meme stocking because Trump is on there. Obviously the company isn’t actually worth billions but it’s a fun comparison.
It’s a mastodon clone. They literally tried to rip it off and got their hands slapped.
not only is it a mastodon clone, it’s an out of date, wretchedly insecure mastodon clone. cause, you know, trump gets the BEST people lol… fucking clown show
At least truth social is open source
As open source as Reddit? Meaning, original software was but is it currently?
It’s built on mastodon. They got slapped for not linking their source. Not sure if that ever got resolved.