Many Redditors were caught off guard by the removal of their chat and message history.
Reddit recently removed years of chat and message archives from users’ accounts without warning as part of an infrastructure upgrade. Many Redditors were upset to discover that their chat histories from before January 2023 were no longer accessible. Reddit claims they only migrated data from 2023 forward during the transition to the new chat infrastructure. Some users were able to retrieve some of their old messages by requesting their Reddit data, though others reported that not all messages were recovered. Along with this change, Reddit has recently made other unpopular decisions like ending Reddit Gold, showing a lack of communication and consideration for users’ sentimental attachment to their online data.
I was speculating that maybe they are going to drive the stock price into the ground and the magically “fix everything” to make it go back up, and make money on that…somehow. I’m not a stocks person so I don’t know.
This isn’t how corporations work. One, they don’t have that kind of foresight. All most of them care about is the next quarter, and being more profitable than they were at the same time the previous year. Two, they’re not going to purposefully tank their own stock, not for any reason. If “they” did (assuming you mean the C-suite folks who would be in charge of operations), they would be replaced by shareholders pretty quickly for not fulfilling their fiduciary duty.
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I was speculating that maybe they are going to drive the stock price into the ground and the magically “fix everything” to make it go back up, and make money on that…somehow. I’m not a stocks person so I don’t know.
This isn’t how corporations work. One, they don’t have that kind of foresight. All most of them care about is the next quarter, and being more profitable than they were at the same time the previous year. Two, they’re not going to purposefully tank their own stock, not for any reason. If “they” did (assuming you mean the C-suite folks who would be in charge of operations), they would be replaced by shareholders pretty quickly for not fulfilling their fiduciary duty.