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The Reddit Protest Is Finally Over. Reddit Won. (gizmodo.com)
submitted 3 years ago by [M, B] to c/technology@lemmy.world
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The Reddit Protest Is Finally Over. Reddit Won.::Reddit corporate claims victory over its disgruntled mods as r/aww, r/pics, and r/videos abandon the "John Oliver rule."

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[–] 1 point 3 years ago (8 children)

Discord isn't owned or majority controlled by tencent at all. That's antivax level paranoia.

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  • [–] 1 point 3 years ago* (5 children)

    Tencent owns a majority of the shares. If you want to dispute me, at least throw a source … it’s a well known fact in the business community.

    Crunchbase - Discord Principal investors

    Crunchbase - Discord Series B Lead investors (Tencent, Benchmark, 9+ Program)

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  • [–] 0 points 3 years ago (4 children)

    You just claimed that out of your ass again. There isn't a single source that says tencent has a majority stake from their investment with Discord Inc.

    Not even the links you provided state what you are claiming.

    Tencent owns a majority stake in GGG.

    Tencent has only funded Discord for $158 million. Less than 1/3 of the total funding($500 million) it has received and well below the $15 billion the company is valued at.

    Either you don't know how investments and shares work, you're bad at math or both.

    Is most likely that tencent has a 10-15% stake in Discord.

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  • [–] 1 point 3 years ago

    Depending on when that funding came in and how the stocks got priced they could be majority shareholders, the founders of the company I work for own over 50% together although they've gotten way more funding from external investors than they've put in themselves

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  • [–] 0 points 3 years ago* (2 children)

    Tencent has only funded 158 million [...] that's only 1/3 of the shares

    and that's not a majority of the shares? Are you stupid or you're pretending to be?

    Because so far you've only insulted me but now it's time for me to insult you. You firstly clearly don't know how to make a discussion work without insulting your counterparty, and secondly don't know in english the difference between "THE majority" and "A majority".

    You talk like a classic 9gagger who only knows how to talk with insults and misinformation and with pure arrogance. 1/3 is a majority of the shares. That's how it works in business. 1/3 is a big number to take big decisions and make vetos and be on the table.

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  • [–] -1 points 3 years ago (1 child)

    1/3 is not the majority. Majority of share has to be 50% and more. Usually majority is kept by the company and other shares are promised.

    Investing doesn't gauentee stakeholdership. You are making nothing but conspitorial assumptions.

    Again, you have little grasp on economics, buisness, math and stakeholders.

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  • [–] 1 point 3 years ago* (last edited 3 years ago)

    I didn’t say THE majority. You continue to change my words. I said A majority. There can be multiple majorities in a community in relation to something else. And in the business world when you say 1/3 of shares is owned by X entity, that IS a majority. Because the rest is most likely 1 million other people/entities with no power, some are VC, some are CEO, some are other seeders.

    I understand you may not know much about the business world. It’s not bad not knowing things. And stop insulting people for not knowing something. Shaming people for lack of knowledge is just such a loser mentality. It’s like sucking your own cock.

    And at last you answered without direct insults, but you still gave me a “you have a little grasp of business economics and maths” which is ironical.

    1/3 is a big portion to own from a company. I’m in the business world, I’m also been a trader for years now, we also do discussions on our company’s surge meetings about IPOs and I have friends who’ve been bank CEOs or still are. Believe me. 1/3 is a big portion to own from a company. You own

    1/3 of the decisions in a sense that the company does. You have huge voting power and rights. Stop pretending to be blind for the sake of proving yourself right.

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