[lotsofpulp]

> But he seems to have forgot. I wonder why?

Most likely scenario is spez’s boss wanted better numbers to maximize price at IPO.

I think they decided to cash out when things were very frothy in 2021, and they missed the window. It will be interesting to see if they even get to $10B. I would bet on less than $5B.

According to Wikipedia:

>In October 2014, Reddit raised $50 million in a funding round led by Sam Altman and including investors Marc Andreessen, Peter Thiel, Ron Conway, Snoop Dogg, and Jared Leto.[13] Their investment valued the company at $500 million at the time.[14][15] In July 2017, Reddit raised $200 million for a $1.8 billion valuation, with Advance Publications remaining the majority stakeholder.[16] In February 2019, a $300 million funding round led by Tencent brought the company's valuation to $3 billion.[17] In August 2021, a $700 million funding round led by Fidelity Investments raised that valuation to over $10 billion.[18] The company then reportedly filed for an IPO in December 2021 with a valuation of $15 billion.[19][20]

https://en.wikipedia.org/wiki/Reddit

[codalan]

Its value seems to be rapidly declining. I was on lemmy.world and lemmy.ca yesterday and was a little shocked at how many people migrated over there. I don't see how this looks good to any potential investors pre-IPO. The fact that lemmy (the software) exists makes one question how much of a moat Reddit really has.

[shagie]

The ones that have moderately successfully migrated are the ones that are visible.

What is missing are the ones that aren't.

r/Boardgamedeals/ has a moderator that has tried to say "go to lemmy.world instead" ( https://lemmy.world/c/boardgamedeals ).

However, the community didn't follow.

r/boardgamedealz was spun up and has had more activity there.

r/soloboardgaming people are slowly moving back to r/boardgames now that one player board games are more socially acceptable within the community since that sub is also restricted.

Big subs that fork to lemmy often have enough people to make it active there.

Small ones that fork and the mod leading the move have more difficulty - especially if all the mod does is moderate and doesn't do any posts.

Many subs exist as part of a greater community. For board games, that's https://www.reddit.com/r/boardgames/wiki/related_subreddits

It may have been more successful to do what Star Trek did and stand up an instance and host all things related there.

I believe that small subs that don't have enough of a core posters moving or that lack discoverability once this all dies down won't be successful on Lemmy unless they are able to have a more closely affiliated instance to find all things {broader topic}.

While it's not much of a moat, the key thing that Reddit has is discoverability. Reddit occasionally informs you about domain adjacent subs. People on subs frequently suggest domain adjacent subs where the content would also be accepted.

While we often deplore it, tools to drive engagement is what keeps Reddit running. Without solving that, discoverability is a problem on the fediverse that will hinder all but the most dedicated small groups from establishing a lasting community there.

[stevenwliao]

That's not how network effects work. You can't win by cloning the software of an existing social network.

[hexnuts]

The problem I have with lemmy.world is I have yet to be able to login.

[4d66ba06]

I had to reset my password once for it to work. I wonder if my initial password was too long.

[stjohnswarts]

use kbin, they share stuff and I had zero problems getting a kbin account