I’m devastated! Holy fuck it’s the end of such a great resource. Is there any other plex share communities active at all?
I’m still trying to figure out how reddit expects to “become profitable” while simultaneously destroying everything that made it valuable.
I mean, Facebook is also “profitable” but it’s still an utter shitehole content- and community-wise
“Become profitable” is just their stated goal.
I think that their actual goal is to look profitable for the upcoming ipo so that the CEOs can cash a fat check and leave. They likely don’t care about what happens after that.
So the “become profitable while simultaneously destroying everything that made it valuable” platitude is more like “they’re cutting down the tree for the wood without thinking about the squirrels”
It’s more like “cutting down the forest to harvest the wood once” rather than “manage the harvesting so that it can be generating wood for generations”. It’s typical capitalism.
But are investors this stupid? Who invests in an IPO without doing research on the company’s activities? If they check the internet and it’s countless articles about how their users and moderators are pissed and leaving, why would anyone think it’s going to be profitable?
The sad thing is that reddit will probably do alright for at least a few years. It may not be an awful investment in the short term.
That said, it’ll slowly burn out and investors will be left holding the bag. But that’s alright, because Steve Huffman will have gotten his payday and retired to the decommissioned missile silo that he converted to luxury apartments in case of doomsday. All he had to do was fundamentally change the way people use the internet by selling the company that his two smart buddies created.
by selling the company that his two smart buddies created.
Fucking preach.
But there are only so many Elon’s that would buy a sinking ship for a shit ton of money.
Not sure if I’m misunderstanding your comment but… it’s an IPO, they’re going from private to public. Twitter was the opposite, which is unusual. Right now Steve Huffman is the musk of reddit.
They still need people to actually buy the shares of a sinking ship.
There’s gonna be plenty of institutional investors and index funds who don’t give a shit about drama that will buy it up regardless.
For what? To lose money?
Make one for Lemmy?
Reddit has been shit, but let’s be honest. That sub was filled to the brim with illegal offers for money. Lawsuits waiting to happen.
Spez is so jealous of Elon’s dumpster fire, that he can’t dump the gasoline on his head fast enough.
Duck you
I run a US based P4S. if anyone is interested, DM me
Is there a jellyfin sharing community on lemmy ? I ditched Plex years ago but I’d love to share my jellyfin server with folks.
Just found out about Plex Sharing thanks to your post. sorry I have nothing to add but im also very interested in finding one such servers.
Well unfortunately it’s the worst time to find out about it haha
Are we not able to start the same Plex sharing here on Lemmy?
Already exists, not active at all. hence are for acting communities.
You gotta link, brah?
Community can’t grow if you don’t tell people where to go.
Lemmit.online is just a bot reposting from Reddit, I’d ignore those ones
