Reddit delivered strong earnings, but the numbers beneath the surface tell a different story. Slowing logged-in user growth and AI-powered search could threaten the platform's long-term value.
I agree with your passion and thought process. In a nutshell, Reddit was the shit, until venture capital got them…
I just learned about the nightclub like takeover of bowling in the US. No wonder it cost me so much last time I took the kids. Venture capital ruins everything it touches.
For sure, private equity groups are ruining everything. Nursing homes, veterinarians, bakeries, housing, healthcare, and I guess now bowling and pretty much every form of human social connection or recreation that can possibly involve money.
A few weeks ago I read a long article about a sudden surge in venture capital buying up local utility companies.
They saw the price people get charged for electricity and water jumping a lot and figured that if they bought the utility companies and added in an extra 30% that was pure profit to them it would just seem part of the data center bullshit already happening.
100%. Tax yearly income beyond something like one million at 90% and make sure ‘income’ includes stock, bonuses, maybe even per diem.
I’m also not opposed to voting the most awful of the most wealthy off the island and taking all of their assets for public good. Like if the whole elite child sex trafficking thing ever gets real investigation, those people for sure.
Having all your lands and titles forfeit to the crown (the people, now) and being exiled as a pauper or publicly executed should make a come back.
It doesn’t even take that particularly intelligent of a child to realize that allowing the wealthy to just hoard the majority of money to themselves is a stupid idea.
It’s essentially the “I’ll keep every penny I ever earn and not spend a single one” on a national scale. Does no use to us once we’re all dead.
My bad, I’d have told you something weird and dumb like it’s because we’re stalking you or something but I was busy writing another comment longer than anything anyone else seems to make. :P
I don’t know why I bother other than habit. Writing is kind of my thing. I’m verbose. I will spend an hour trying to write an honest, thoughtful (in my opinion), response to something that goes against the current internet socially expected replies even knowing it’s just going to be downvoted to oblivion.
I know most people see lots of words, decide it looks too tuff, and move on, but there have to be some people on text based discussion forums who still read words and exchange ideas. Nice to see this huge rant got so many thumbs up and replies. :)
If all we wanted were short quips without any substance, we wouldn’t be here. We’d be on Xitter or something. As a fellow long-post writer, who thinks reading rants and writing essays is fun, I’d say we’re in the right place. Keep doing what you do - we’re here for it!
I agree with your passion and thought process. In a nutshell, Reddit was the shit, until venture capital got them…
I just learned about the nightclub like takeover of bowling in the US. No wonder it cost me so much last time I took the kids. Venture capital ruins everything it touches.
For sure, private equity groups are ruining everything. Nursing homes, veterinarians, bakeries, housing, healthcare, and I guess now bowling and pretty much every form of human social connection or recreation that can possibly involve money.
A few weeks ago I read a long article about a sudden surge in venture capital buying up local utility companies.
They saw the price people get charged for electricity and water jumping a lot and figured that if they bought the utility companies and added in an extra 30% that was pure profit to them it would just seem part of the data center bullshit already happening.
They’re leeches.
You want to know how to nip all that private equity activity in the bud? Let’s start to tax the billionaires with a vengeance.
Private equity is all the untaxed, unbanked (because when you have billions of dollars, the banks charge you to hold it) wealth of the billionaires.
Let’s tax it like wealth used to be taxed back in those “Great” 1950’s that Trump wants to take us back to…
100%. Tax yearly income beyond something like one million at 90% and make sure ‘income’ includes stock, bonuses, maybe even per diem.
I’m also not opposed to voting the most awful of the most wealthy off the island and taking all of their assets for public good. Like if the whole elite child sex trafficking thing ever gets real investigation, those people for sure.
Having all your lands and titles forfeit to the crown (the people, now) and being exiled as a pauper or publicly executed should make a come back.
It doesn’t even take that particularly intelligent of a child to realize that allowing the wealthy to just hoard the majority of money to themselves is a stupid idea.
It’s essentially the “I’ll keep every penny I ever earn and not spend a single one” on a national scale. Does no use to us once we’re all dead.
Reddit was the shit, now it is just shit
lol, in an even smaller nutshell :)
I keep getting surprised by how quickly some users respond to my comments…
Surprise!
I happen to still be logged in. Usually it takes a while :)
My bad, I’d have told you something weird and dumb like it’s because we’re stalking you or something but I was busy writing another comment longer than anything anyone else seems to make. :P
How about you reply to this comment with another long essay about stalking me or something? I’ll measure how much time you take :D
(Just kidding)
I don’t know why I bother other than habit. Writing is kind of my thing. I’m verbose. I will spend an hour trying to write an honest, thoughtful (in my opinion), response to something that goes against the current internet socially expected replies even knowing it’s just going to be downvoted to oblivion.
I know most people see lots of words, decide it looks too tuff, and move on, but there have to be some people on text based discussion forums who still read words and exchange ideas. Nice to see this huge rant got so many thumbs up and replies. :)
If all we wanted were short quips without any substance, we wouldn’t be here. We’d be on Xitter or something. As a fellow long-post writer, who thinks reading rants and writing essays is fun, I’d say we’re in the right place. Keep doing what you do - we’re here for it!
Only in this case the venture Capital came from inside the house. Spez is all up in this bullshit.
Oh, agreed. They got to him, he rolled over. Instantly once they gave him a taste of the Epstein class lifestyle.