• Lvxferre@lemmy.mlM
    link
    fedilink
    English
    arrow-up
    16
    ·
    1 year ago

    If I’m reading this right, the last estimate ($5.5 billion valuation for Reddit) is from May 31, right before the revolts.

    Either way this doesn’t surprise me at all. Contrariwise to what Steve “greedy pigboy” Huffman might believe, investors aren’t stupid; they know that the main asset of a social media site like Reddit is its userbase, and that if you piss off the most contributive users there, the value goes down considerably.

      • Lvxferre@lemmy.mlM
        link
        fedilink
        English
        arrow-up
        3
        ·
        edit-2
        1 year ago

        Nah. Why would someone buy it, if they can scrape it? They don’t even need API usage, let alone buy Reddit.