• rafoix@lemmy.zip
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    6 hours ago

    Reddit shareholders also own a lot of shares in much more lucrative industries.

    • BakerBagel@midwest.social
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      3 hours ago

      I didn’t ask about their other shares. I asked how Reddit’s soft power is able to actually benefit shareholders. I understand how it benefits Spez and those who make the actual decisions at reddit, but if I own 400 shares of Reddit, how do i actually benefit since Reddit will never pay a dividend since it will never actually be profitable

      • rafoix@lemmy.zip
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        2 hours ago

        The people in power don’t care about people with a few shares. You can sell all your shares right now and nobody would notice.

        Reddit’s power benefits whomever wants to push an agenda and a narrative while minimizing any info that could counter that.