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by JamesAdir 1108 days ago
They understand a lot about Digg's history and they want to make sure that this time both the managers and the investors will reach the most profitable pay day possible. Either by selling the site or getting an IPO. That's the only target.

Personally for me, Reddit lost the human touch several years ago and with the cancelling of Secret Santa that was one of the most fun activities on the internet, I've stopped using the site almost completely.

2 comments

One single part of the site pumps meme stocks like nobody's business, and most every stock is a meme stock to some degree. If owners/management wanted the biggest payday, they should have worked with users to pump the value. Things like selling microshares that give you sitewide flair, etc. Instead they chose the boring old method of juicing the balance sheet by arbitraging mindshare? Sounds like an unforced error.
The existence of a Secret Santa used to be a pretty good gauge for the health of a community.