MBAs: Let's outsource and cost-cut our way into danger!
Right-wing idiots on Slashdot: Der her look what DEI did!

Are you that easily tricked by stupid right-wing talking points?

See, here's the thing -- salaries are highly dependent on location. You might be able to get a beautiful, 3000 square foot house in Trumpistan, Alabama, but if the only jobs are "Walmart cashier" there then it's not going to help you very much. The fact that people can't understand this in 2024 baffles me.

A lot of companies won't (and probably shouldn't) care about items 1 and 2, and won't care that much about 4.

Now do housing costs.

Communism is people doing unnecessary work because bureaucrats don't know what they're doing. A 32-hour work week improves employee health while revenues remain stable or increase.

It uses up resources to create arbitrary value so it's the opposite of a wealth engine.

Yeah, that guy.

Frankly, it sounds like a match made in heaven to me. Sleazeball CEO buys sleazy social media company. With a little luck, he'd be as damaging to Tik Tok as he was to Activision/Blizzard.

That's still not even really working with Youtube. If Google can't pull it off, what makes you think Reddit can?

Considering that Twitter is trading above it's 9-year average right now, ($53.70 today, vs. $35.87 average,) I'm not sure I'd consider them "crashing and burning," although they're certainly down off their high, ($77.06 in February 2021, admittedly a year before Elon bought the company.)

That being said, I think Reddit's IPO price is likely way too high. I was expecting something far lower than what I've seen. Considering that the preliminary prospectus makes a big deal out of what Redditors might do as a risk factor, the fact that they have, indeed, pissed off those same Redditors is an ominous sign.

The only profit I can see them making is by scraping and selling user data for AI training. But that's not going to last for very long if their userbase melts.

The big problem is their core user base is made up of just terrible people who drive their non-core base away.

I have no doubt reddit shares are going to soar in price after the IPO simply because I don't plan on buying anything and that's how it seems to work.

Congrats to you as well! :) Baby is only slightly premature, being induced at 2.5-3 weeks early due to size.