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Reddit seeks to launch IPO in March
(www.reuters.com)
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this post was submitted on 18 Jan 2024
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Basically this is similar to my "organicness" argument. Reddit grew over many years and these niche subs got created as they were needed, not all at once. On Lemmy and the Fediverse in general, there will be another layer of organic growth and organisation with regards to federation, where instances will clump into "neighbourhoods" that users can choose.