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.
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.
Users will stay no matter what. When was the last time you saw meaningful exodus off a major platform? The Reddit to Lemmy, or Twitter to Mastodon migrations were the largest in decades and they had almost zero impact on the number of visitors to the origin sites. The days of Digg to Reddit are gone. Average users don’t have the patience or attention span to build communities anymore, especially not when whatever they build will eventually be heavily monetized, changed beyond recognition, and generally enshitified.
Also less tech savvy, people in the internet in the 2000s I think still had more of a hacker mentality compared to 2010 where everything moved towards apps with simplified UIs and can’t look under the hood.
It’s mind boggling to me that Gen Z doesn’t know anything about computers or the Internet, despite growing up using both their entire lives. All they know how to do is use simplified apps to browse social media, send text messages, and take pictures. Apparently Gen X is the only generation that had a large portion of the generation that understands the inter-workings of the internet and computers. We’ve had to constantly help both our parents and our kids with computer problems.