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this post was submitted on 31 Jul 2026
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If anything this shows how totally fucked equity markets are.
So they're making way more money than expected, but they haven't sold out their users fast enough so dump the stock?
What it is is proof stocks should not be sold to investors. Should be owned by employees. Coops ftw
Ever check out Mondragon before?
Yes but then how will the execs make money
They can think of something on the way down.
When they go low we go high.
The higher fall lets the guillotine gain more energy before impact.
May the gods hear you
How will employees raise for any kind of cap-ex? This simply does not work in practice.
The current system has folks raising cap-ex by selling bits of control in their company, but this is a thread about how that system has failed to both expand capacity and increase the utility of reddit. So. IDK, they could raise money with bonds or grants or something. It doesn't really matter too much because the current system simply doesn't work in practice either.
I'm a big fan of employee owned companies and I think that should be encouraged.
At the same time, there IS a place for investors.
But all 3 factors of production (land, labor, capital) are supposed to have equal seats at the table. In recent years capital owns the table and chairs and decides when land and labor are allowed to speak, which is not what successful capitalism looks like.
53.2 million daily active users, which is down from 53.5 last quarter. US DAU is shrinking.
A small blip. Not enough to trigger a sell-off, but also if it was a reason that would be the stated reason not just 'no new AI deals'.
As a user, the decline in DAU I think is representative of a series of user-unfriendly policies and changes that the users have clearly communicated dislike of but management insists on anyway.