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submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock.::Reddit seems like a likely candidate for a meme stock. But the actual reaction suggests that r/WallStreetBets isn’t going to send the stock to the moon.

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[-] jaybone@lemmy.world 61 points 8 months ago

I don’t get why, if these people hate Reddit so much and they want the IPO to fail, why are they still using the platform?

Once people get burned with that stock purchase email, they are going to have even more pissed off users.

[-] zalgotext@sh.itjust.works 102 points 8 months ago

I don’t get why, if these people hate Reddit so much and they want the IPO to fail, why are they still using the platform?

Could be several reasons:

  • they're addicted
  • they don't know any alternatives
  • they still like using the platform, they just disagree with the financial/executive decisions being made
  • the alternatives don't have equivalent communities
  • their communities don't want to move to an alternative
  • they like the alternatives even less than Reddit
[-] KrokanteBamischijf@feddit.nl 39 points 8 months ago

Yeah that's the thing. Users stick to reddit because they have ties with the individual communities, not so much the platform itself.

People used to use Facebook for similar reasons. "Because all my friends are there". Not because Facebook was so great.

It can be difficult to leave communities behind that you feel a part of, even if you just lurk most of the time. The fact that reddit was turned into a corporate dystopic shitshow does bother users, but it hasn't outweighed their needs to still be part of their respective communities.

But seeing as official reddit sources claim that "they're still in the early stages of user monetization", it might not be long before we see what's left of the platform turn into the biggest dumpster fire the internet has ever seen.

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this post was submitted on 24 Feb 2024
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