Reddit's cofounder said that at first the company felt like 'a homework assignment that got out of hand' rather than a business
www.businessinsider.com
Reddit's cofounder Steve Huffman said in its early days he filled up most of the site with content using different accounts until it got more users.

Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.

  • Aux@lemmy.world
    212·
    11 months ago

    Everything is ephemeral. Money is ephemeral, countries are ephemeral, etc. It’s just we as a society decided that things have value. That’s it.

    • KevonLooney@lemm.ee
      41·
      11 months ago

      Money and countries aren’t “ephemeral”, whatever you mean by that. Countries are large collections of individuals and groups united by common culture, language, geography, economies, religion, etc. They’re as real as your family or friends group is, because they’re based on voluntary association.

      Money is “real” because governments accept it for payment of taxes. Taxes are not optional, thus businesses find it convenient to ask for payment in local currency. This creates a common medium of exchange as long as people have faith that the current government will survive.

      So no, they don’t just have value because “we decided” they do. We can’t change our minds tomorrow and shift all the countries and money around because they are based on reality.