โฒ 545 โผ Reddit's unpopular changes were inspired by Elon Musk's layoffs & cost-cutting (twitter.com) submitted 3 years ago by concealmint@lemmy.world to c/lemmyworld@lemmy.world 68 comments fedilink hide all child comments
[โ] derf82@lemmy.world 47 points 3 years ago (1 child) Imagine cribbing notes from a guy that has seen the social network he purchased drop in value by 2/3rds. permalink fedilink source hideshow 2 child comments replies: [โ] slaacaa@lemmy.world 17 points 3 years ago* (last edited 3 years ago) (2 children) Step 1 - buy company for billions of dollars Step 2 - do stupid shit with it Step 3 - lose billions as valuations drop Step 4 - ??? Step 5 - profit, apparently permalink fedilink source parent hideshow 4 child comments replies: [โ] billiam0202@lemmy.world 7 points 3 years ago (1 child) AKA "How to MySpace your social media site." permalink fedilink source parent hideshow 2 child comments replies: [โ] wwaxwork@lemmy.world 13 points 3 years ago (1 child) Nah. The MySpace guy sold his company for half a billion, retired and lived happily ever after while the people that bought it off of him had to watch their investment slowly die. permalink fedilink source parent hideshow 2 child comments replies: [โ] billiam0202@lemmy.world 9 points 3 years ago (3 children) Yes. And News Corp, who spent $800 million on MySpace, fucked it up and sold it ten years later for about a tenth of what they paid for it. Which is the incident I was referring to. permalink fedilink source parent hideshow 6 child comments replies: [โ] wwaxwork@lemmy.world 6 points 3 years ago But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better. permalink fedilink source parent [โ] wwaxwork@lemmy.world 2 points 3 years ago But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better. permalink fedilink source parent [โ] wwaxwork@lemmy.world 1 point 3 years ago But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better. permalink fedilink source parent [โ] hikarulsi@lemmy.world 3 points 3 years ago Step 4 is money laundry permalink fedilink source parent
[โ] slaacaa@lemmy.world 17 points 3 years ago* (last edited 3 years ago) (2 children) Step 1 - buy company for billions of dollars Step 2 - do stupid shit with it Step 3 - lose billions as valuations drop Step 4 - ??? Step 5 - profit, apparently permalink fedilink source parent hideshow 4 child comments replies: [โ] billiam0202@lemmy.world 7 points 3 years ago (1 child) AKA "How to MySpace your social media site." permalink fedilink source parent hideshow 2 child comments replies: [โ] wwaxwork@lemmy.world 13 points 3 years ago (1 child) Nah. The MySpace guy sold his company for half a billion, retired and lived happily ever after while the people that bought it off of him had to watch their investment slowly die. permalink fedilink source parent hideshow 2 child comments replies: [โ] billiam0202@lemmy.world 9 points 3 years ago (3 children) Yes. And News Corp, who spent $800 million on MySpace, fucked it up and sold it ten years later for about a tenth of what they paid for it. Which is the incident I was referring to. permalink fedilink source parent hideshow 6 child comments replies: [โ] wwaxwork@lemmy.world 6 points 3 years ago But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better. permalink fedilink source parent [โ] wwaxwork@lemmy.world 2 points 3 years ago But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better. permalink fedilink source parent [โ] wwaxwork@lemmy.world 1 point 3 years ago But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better. permalink fedilink source parent [โ] hikarulsi@lemmy.world 3 points 3 years ago Step 4 is money laundry permalink fedilink source parent
[โ] billiam0202@lemmy.world 7 points 3 years ago (1 child) AKA "How to MySpace your social media site." permalink fedilink source parent hideshow 2 child comments replies: [โ] wwaxwork@lemmy.world 13 points 3 years ago (1 child) Nah. The MySpace guy sold his company for half a billion, retired and lived happily ever after while the people that bought it off of him had to watch their investment slowly die. permalink fedilink source parent hideshow 2 child comments replies: [โ] billiam0202@lemmy.world 9 points 3 years ago (3 children) Yes. And News Corp, who spent $800 million on MySpace, fucked it up and sold it ten years later for about a tenth of what they paid for it. Which is the incident I was referring to. permalink fedilink source parent hideshow 6 child comments replies: [โ] wwaxwork@lemmy.world 6 points 3 years ago But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better. permalink fedilink source parent [โ] wwaxwork@lemmy.world 2 points 3 years ago But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better. permalink fedilink source parent [โ] wwaxwork@lemmy.world 1 point 3 years ago But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better. permalink fedilink source parent
[โ] wwaxwork@lemmy.world 13 points 3 years ago (1 child) Nah. The MySpace guy sold his company for half a billion, retired and lived happily ever after while the people that bought it off of him had to watch their investment slowly die. permalink fedilink source parent hideshow 2 child comments replies: [โ] billiam0202@lemmy.world 9 points 3 years ago (3 children) Yes. And News Corp, who spent $800 million on MySpace, fucked it up and sold it ten years later for about a tenth of what they paid for it. Which is the incident I was referring to. permalink fedilink source parent hideshow 6 child comments replies: [โ] wwaxwork@lemmy.world 6 points 3 years ago But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better. permalink fedilink source parent [โ] wwaxwork@lemmy.world 2 points 3 years ago But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better. permalink fedilink source parent [โ] wwaxwork@lemmy.world 1 point 3 years ago But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better. permalink fedilink source parent
[โ] billiam0202@lemmy.world 9 points 3 years ago (3 children) Yes. And News Corp, who spent $800 million on MySpace, fucked it up and sold it ten years later for about a tenth of what they paid for it. Which is the incident I was referring to. permalink fedilink source parent hideshow 6 child comments replies: [โ] wwaxwork@lemmy.world 6 points 3 years ago But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better. permalink fedilink source parent [โ] wwaxwork@lemmy.world 2 points 3 years ago But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better. permalink fedilink source parent [โ] wwaxwork@lemmy.world 1 point 3 years ago But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better. permalink fedilink source parent
[โ] wwaxwork@lemmy.world 6 points 3 years ago But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better. permalink fedilink source parent
[โ] wwaxwork@lemmy.world 2 points 3 years ago But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better. permalink fedilink source parent
[โ] wwaxwork@lemmy.world 1 point 3 years ago But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better. permalink fedilink source parent
[โ] hikarulsi@lemmy.world 3 points 3 years ago Step 4 is money laundry permalink fedilink source parent