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A comment on Fidelity cuts Reddit valuation by 41%. Parent comment

Re:Fidelity cuts Reddit valuation by 41% by unethical_ban on Thursday June 01, 2023 @10:52PM (#36160284)
They aren't always meant to exist. Why must everything be about the extraction if capital?
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Re:Fidelity cuts Reddit valuation by 41% by tasubotadas on Thursday June 01, 2023 @11:43PM (#36160712)
It gets created, not extracted
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Re:Fidelity cuts Reddit valuation by 41% by asdgkasdngionio on Friday June 02, 2023 @12:24PM (#36167200)
In the case of Reddit, it's definitely extracted. Reddit is just a particularly poorly-run and particularly large forum. Reddit (and Digg before it) did not create new forms of communication, merely placed them under the control of capital.
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Re:Fidelity cuts Reddit valuation by 41% by JohnFen on Friday June 02, 2023 @04:30PM (#36170348)
It gets created, then extracted.
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Re:Fidelity cuts Reddit valuation by 41% by paulddraper on Friday June 02, 2023 @01:06AM (#36161251)
Because that's what the owners of said capital want.

Aka capitalists

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