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Joined 1 year ago
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Cake day: June 18th, 2023

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  • Now he’s driving their investment into to the ground so the banks will end up writing off most of the debt rather than asking for repayment. So far, it seems to be working.

    Maybe I’m financially illiterate, but I don’t understand how that works. Like… if I take out a loan to buy a house and then deliberately burn down the house, that doesn’t get me off the hook. If anything, I’ll probably end up going to prison to boot. Why exactly would the banks just write off Musk’s debt instead of going after him and his other assets in court?


  • I don’t mean to toot my own horn too much, but it went exactly as I expected. Reddit is a huge business, it was never going to let a bunch of volunteers dictate its policies and business practices. And people are apathetic sheep, so an effective boycott was not in the cards either.

    That said, it remains to be seen whether or not the protest was a failure. If nothing else, it motivated a ton of people to seek out alternatives, and those alternatives are getting better, in no small part due to the influx of new users, while Reddit is all but certain to continue getting worse. Digg suffered a sudden drop in popularity following its disastrous redesign, but it kept limping along for years afterward. Did Spez win this battle or did he doom his company? We’ll see in five years or so.