“Reddit’s IPO Filing Minimizes Concerns over Developer Backlash and Decentralized Social Media”

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Reddit’s long-awaited IPO is nearing, promising to be the largest social media IPO since Pinterest. Meanwhile, Mastodon, and the wider network of apps connected to the “Fediverse” as the decentralized social web is called, has a combined 17.2 million users. Just as some Twitter users broke away to join decentralized alternatives, once they became viable alternatives, Reddit users could also do the same. If Meta fears the power of decentralized social networks enough to join the movement, surely Reddit is not immune? Seeing their demands ignored and overridden could eventually drive them to find new homes on decentralized social media, where they would maintain control over their communities and user data.