Sometime this month, Reddit will go public at a valuation of $6.5bn. Select Redditors were offered the chance to buy stock at the initial listing price, which it hasn’t announced yet but is expected to be in the range of $31-34 per share. Regardless of the actual price,
Instead of being this gen’s September 1993, I feel like the changes being sped up by the introduction of generative models are finally forcing us into October 1993. As in: they’re reverting some aspects of the internet to how they used to be.
That spells tragedy of the commons for those companies. They ruining themselves will probably have a mixed impact on us [Internet users in general].