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Reddit has a market cap of $7.8 Billion right now.
Truth Social had a market cap of $8.4 Billion.
Nothing's real ๐ ๐
Capitalism is literally a pyramid scam.
Why do people keep misrepresenting capitalism as some silly boogie man? This is just as stupid as people claiming socialism is innately bad.
Sticks and stones won't get you a positive score in your own community.
You're paranoid.
Because most people don't recognize a fundamental difference between capital "C" capitalism (the economic principal of supply and demand. and "venture capitalism" which is about speculating on a business' future based on what essentially amounts to a magic 8 ball.
But about as democratic as can be. No one was forced to buy Reddit. Benefit or not to the company, the company was essentially sold. The new owners of their very own choice will want a return. A big return to essentially cover 8 billion they just paid for it.
Reddit will need tens of billions in revenue to make the profits those new owners will demand. It is that drive to justify the cost that will make it another shitty bloated ad platform.
The stock market has a lot of magical thinking behind it. That's why there are constant frauds.
Influencing Spez's options on steel tarrifs isn't worth as much as the founder of Truth Social
This is the first I've heard of whatever truth social is
It's where all the Maga people went after Twitter started banning them for pushing (I think it was russian) propoganda.
It has 1/100th of the users of Reddit and it's just a Twitter clone but it's meme stocking because Trump is on there. Obviously the company isn't actually worth billions but it's a fun comparison.
not only is it a mastodon clone, it's an out of date, wretchedly insecure mastodon clone. cause, you know, trump gets the BEST people lol.... fucking clown show
At least truth social is open source
As open source as Reddit? Meaning, original software was but is it currently?