Reddit's cofounder said that at first the company felt like 'a homework assignment that got out of hand' rather than a business
www.businessinsider.com
Reddit's cofounder Steve Huffman said in its early days he filled up most of the site with content using different accounts until it got more users.

Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.

    • IzzyScissor@lemmy.world
      0·
      10 months ago

      Nah, they don’t need to do that when they can already influence user decisions by faking a consensus.

      They “fuzz” votes. They give themselves “gold” and promote articles. Then they have the first few comments all say the same opinion in a few different ways, and suddenly people start agreeing for fear of being “in the out-group”. It takes so much effort to flip the tone of the components section once it’s got a vibe.

      If not, delete and restart until it works.

      • NotMyOldRedditName@lemmy.world
        0·
        10 months ago

        As a public company, not disclosing that they manufacuter conversation and opinion with fake data and instead saying it’s all natural would be fraud and they would face fines or go to jail if discovered.

        Edit: reddit could turn a blind eye to others doing it, but they cant do it themselves and say otherwise.