IPO = Initial Public Offering, where shareholders offer to sell their shares to the public, shifting a company from a “private company” (it belongs to me, you, and that guy) to a “public company” (it belongs to anyone who pays enough for the shares).
The userbase has been always touchy when it comes to IPO, and rightfully so; they know that the new owners will only care about squeezing the platform dry. As such, I predict a new flood of Redditfugees to Lemmy and Kbin.
I mean; we could always take reddit down the same way WallStreetBets took down GME… [/S] [NOT FINANCIAL ADVICE]
Just imagine the Superstonkers shorting Reddit to death.
Superstonk is so brainwashed by the mods that they would “naturally” (more like: any opinion other than that gets removed) start theorizing that Hedgefunds want to buy reddit only to shut down Superstonk. Just to highlight how bad the Superstonk mods are: The word “Lemmy” gets you autobanned