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reddit fucking destroyed the plex share community. (lemmy.world)
submitted 3 years ago by to c/piracy@lemmy.dbzer0.com
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I'm devastated! Holy fuck it's the end of such a great resource. Is there any other plex share communities active at all?

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[–] 17 points 3 years ago (6 children)

But are investors this stupid? Who invests in an IPO without doing research on the company's activities? If they check the internet and it's countless articles about how their users and moderators are pissed and leaving, why would anyone think it's going to be profitable?

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

    The sad thing is that reddit will probably do alright for at least a few years. It may not be an awful investment in the short term.

    That said, it'll slowly burn out and investors will be left holding the bag. But that's alright, because Steve Huffman will have gotten his payday and retired to the decommissioned missile silo that he converted to luxury apartments in case of doomsday. All he had to do was fundamentally change the way people use the internet by selling the company that his two smart buddies created.

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

    Investors aren't great at seeing what makes or breaks a community. They just want to see how Reddit plans on profiting from the community.

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