canis_majoris

canis_majoris , 4 months ago to Technology in Reddit gets ready for IPO, setting a top valuation of $6.4 billion

Actually part of their IPO paperwork lists WSB as a potential positive benefit to the stock, in terms of having a clear userbase that will theoretically help sustain the value through shenanigans. That, to me, however, sounds like a securities violation waiting to happen.

I don't check reddit anymore. Does WSB actually consider this stock to be, uh, actually valuable? Every corner of the internet I've seen discuss this topic have all noted how worthless they think the shares are going to be. My money is on them shorting it.

canis_majoris , 4 months ago (edited 4 months ago) to Technology in Reddit gets ready for IPO, setting a top valuation of $6.4 billion

I think it has to do with karma count.

I had two accounts, one had been scrubbed and was mostly used for commenting, and the other was a porn alt.

The porn alt has hundreds of thousands of karma and it got multiple IPO messages while the original, older account got nothing due to being sub 5k on posts.

Edit: Suspicions confirmed!

Reddit is planning six tiers of early access based on each “participant’s contributions to Reddit,” the company said in its updated SEC filing. Those tiers are based on a user’s “karma” score, ostensibly an aggregate total of up/down votes on posts and comments.

The first tier of users will be those “who have meaningfully contributed to Reddit community programs,” though what that means isn’t explained more clearly. After that come tier 2 users, who must hold at least 200,000 karma points or have taken at least 5,000 moderator actions. Tier three includes users and moderators who hold at least 100,000 karma points and have taken 2,500 moderator actions. Tiers 4 and 5 are each half of the previous tier’s total, and tier 6 includes everyone else, with a waitlist available if the total number of shares purchased exceeds the original 1.76 million.

canis_majoris , 4 months ago to Technology in Reddit gets ready for IPO, setting a top valuation of $6.4 billion

"Our company doesn't make money, it also is projected to not be able to continue to make money. We've attempted multiple ways of monetizing the userbase, all of which has not recouped costs. We value ourselves at 6.4 billion dollars."

lol, she said.

lmao.

canis_majoris , 4 months ago to Technology in Vending machine error reveals secret face image database of college students

Freedom costs a buck 'o five your personal data.

canis_majoris , 5 months ago to Game Development in EDIT: Fake screenshot about some facts from the Palworld development, very loosely based on a really interesting blog post from the dev that's linked in the post body.

They're translating from an interview that was being given in Japanese.

canis_majoris , 7 months ago to linuxmemes in RHEL 10 Leaked

Haha, I love this.

This is fucking hilarious. Installing it immediately.

canis_majoris , 10 months ago to Privacy in Google is now moderating user's bookmarks and removing them.

They have a duty to moderate public-facing systems. This is a link/bookmark sharing system, so obviously bookmarks that are pointing to things that are illegal are going to be dealt with.