this post was submitted on 14 Jun 2023
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Technology
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It did have an effect. Remember the context: Reddit is trying to look 📈 big and growing now, because they will start selling Reddit shares. If no visible protest, buyers would just see the reality that Spez is showing them like "ad revenue remains stable" and "app adoption is skyrocketing!"
Even if temporary, that amount of outage made the news, which means potential buyers get to see a bit of dirty underwear sticking out of Spez's drawer. Business Insider reports on "Reddit's falling IPO valuation" already.
It is costing them, which may cause change. Clearly too little too late for too many people, but hey at least the assholes lost money.
Good.
The good part here is that they're losing money, but I doubt it'll be enough for anything more than a sop. Spez the asshole seems pretty firm on his decisions, and people are eventually going to come back. Like Louis Rossman said, this is just showing them is that no matter how bad they treat their users, they'll always be back in 2 days max, and that's what counts in the end