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Joined 1 year ago
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Cake day: June 13th, 2023

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  • An investment firm bought shares of Reddit (and some other privately held tech companies) at a certain value. In this instance they thought Reddit was worth ~$10 billion. This was August 2021. They now think it’s only worth about half that. So they’re having to update their books to indicate that they don’t actually think they’re holding $X of Reddit, but actually only about $0.5X of Reddit.




  • I’m one of the new users and I do have to say the fact that I had to jump through less hoops to sign up with .world was a big reason why I signed up there. When you’re trying something new the less friction the better to acquire new users. I don’t want to write an essay on why I want to get an account. I know we want to minimize bots, but there are other ways to do that than throwing unnecessary road blocks in front of users who are skeptical to join to begin with.