this post was submitted on 18 Mar 2024
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[–] [email protected] 142 points 7 months ago (4 children)

But Huffman, who cofounded Reddit back in 2005, also boasted that Reddit is different because it is “free from the airbrushing and filters of social media” and criticized what he sees as over-the-top meddling in online discussion.

lol

[–] [email protected] 130 points 7 months ago (3 children)
[–] [email protected] 54 points 7 months ago

Silence, landed gentry!

[–] [email protected] 17 points 7 months ago* (last edited 7 months ago)

yeeesh

if I ever do this I hope I get iced on the spot as it means that there's a level of integrity that can be verified across all federated instances

[–] [email protected] 2 points 7 months ago

Maybe Huffman was getting nostalgic and started reminiscing about his jailbait subreddit, that was online for so many years on his beloved Reddit.

[–] [email protected] 17 points 7 months ago

I hate him so much.

[–] [email protected] 15 points 7 months ago

He's quite delusional.

[–] [email protected] 12 points 7 months ago (1 children)

World news is a shower of shit.

Might as well be the IDF propaganda devision at this point.

[–] [email protected] 15 points 7 months ago (1 children)

Before I quit, it was a pretty open secret that r/worldnews was a shithole, and the place to get news was r/anime_titties

I don't know if they've gone under too by now, though

[–] [email protected] 3 points 7 months ago

But what r/worldnews lacked in credible news, it made up for in anime tiddies

[–] [email protected] 95 points 7 months ago* (last edited 7 months ago) (1 children)

Wild. I wonder how bad reddit will be in a few years. If you think it's bad now, It's not even publicly traded yet, and we've all seen how money grubbing being a publicly traded company can become. "Make line go up no matter what" 👀

[–] [email protected] 70 points 7 months ago (3 children)

NSFW is going to get banned within a year or two. It would be irresponsible towards the share holders not to, because porn lowers advertising value.

[–] [email protected] 48 points 7 months ago (1 children)

old.reddit is probably going to be on the chopping block, too. I only go for niche communities these days, but I'm gone for good once old.reddit is gone.

[–] [email protected] 13 points 7 months ago* (last edited 7 months ago)

That's the plan. They announced it laqt year as the same time the api stopped to be free.

[–] [email protected] 14 points 7 months ago (1 children)

If they keep the porn, Texas Governor Abbott will block Reddit from Texas. Well, losing the MAGAts might help Reddit get better.

[–] [email protected] 4 points 7 months ago (1 children)

It won't help with their bottom line tho

[–] [email protected] 1 points 7 months ago

Reddit can just ask Russia to create more bot accounts.

[–] [email protected] 11 points 7 months ago

Which is one of the only good reasons to still go to the site

[–] [email protected] 58 points 7 months ago (1 children)

I really want to see it crash i hope all of wallstreetbets shorts them into next year.

[–] [email protected] 12 points 7 months ago (2 children)

Anyone can buy stock, but to short you need to get approved for a margin account and you need to put up some collateral. Those are two big barriers that are going to block many Redditors in WSB from shorting.

[–] [email protected] 15 points 7 months ago (2 children)

Puts are a poor man’s short. Sold calls are a rich man’s short. I expect a lot of sold calls.

[–] [email protected] 5 points 7 months ago

Ahh didnt know i dont play the market but id love to see reddit get some well deserved karma

[–] [email protected] 3 points 7 months ago

This. Options are the way.

[–] [email protected] 6 points 7 months ago* (last edited 7 months ago)

You can just buy a put.

There's no infinite loss risk either, the amount risked is determined up front.

Riskier in the sense it can expire worthless, you can't hold it forever.

[–] [email protected] 27 points 7 months ago

The fact that we're reading and commenting about it on Lemmy is satisfying, despite the sadness of the situation. It's like watching the city burn after you moved away and saying "wow, I guess I really took the right choice by leaving."

[–] [email protected] 23 points 7 months ago* (last edited 7 months ago) (1 children)

When does it actually go public, anyway? I want to wait a week and pick some up after the inevitable crash

Nvm, Google is my friend, trading starts Thursday

[–] [email protected] 16 points 7 months ago (1 children)

Just buy some puts early on. You do not want to pick up shares just to be stuck holding those bags for an indefinite period of time.

[–] [email protected] 2 points 7 months ago (1 children)

Well, yeah, but I didn't think they opened up options right away on new stocks

[–] [email protected] 3 points 7 months ago

Usually a week or two delay.

[–] [email protected] 2 points 7 months ago (1 children)

A week might not be the bottom

[–] [email protected] 3 points 7 months ago (1 children)

Hope not, if it goes down low enough maybe someone reasonable can buy it out.

[–] [email protected] 3 points 7 months ago (1 children)

If WallStreetBets owns WallStreetBets, do we get a singularity?

Diamond hands!

[–] [email protected] 4 points 7 months ago* (last edited 7 months ago)

WSB will short WSB. They know themselves