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Now Reddit are coming for the individual personal subreddits

(toot.cat)
485 points dredmorbius | 3 comments | 22 Jun 23 16:41 UTC | HN request time: 0.507s | source
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cwkoss ◴[22 Jun 23 20:09 UTC] No.36438118[source]▶
Its pretty funny that Huffman did all this to try to juice IPO price by ~10% and probably will end up dropping IPO price by 40% vs if he had done nothing.

I wonder what shareholders think of his 'leadership'.

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93po ◴[22 Jun 23 22:15 UTC] No.36439893[source]▶
I wouldn't assume this would drop IPO price. If it winds up making reddit more profitable, that is.
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cwkoss ◴[22 Jun 23 23:12 UTC] No.36440511[source]▶
I would estimate 10+% of reddit has deleted their accounts, but most importantly, that 10% skews significantly toward 'power user'. Quality of content is already dropping apparently.

Not all investors will recognize that nuance, but 'reddit in chaos' was national news.

replies(1): >>36440970 #
1. TechBro8615 ◴[23 Jun 23 00:03 UTC] No.36440970[source]▶
> I would estimate 10+% of reddit has deleted their accounts

You'd be wrong.

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2. johnnyanmac ◴[23 Jun 23 02:18 UTC] No.36442030[source]▶
I'd be surprised if it was 1%, even if we filter to daily active users.

Granted, 1% would still be a lot on this scale. So I'm not saying that as an insult.

3. cwkoss ◴[23 Jun 23 17:26 UTC] No.36449818[source]▶
OK, 10% of actually-active accounts. Reddit certainly has a huge number of zombie accounts - I think I have 3.