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A comment on Apollo will close down on June 30th. Parent comment

Re:Apollo will close down on June 30th by toyg on Thursday June 08, 2023 @03:24PM (#36247308)
But it has generated enough bad PR and user bleeding to significantly push competitors, which eventually will financially hurt Reddit - or possibly even kill it.

An old-school investor would be fuming right now, but VCs only care about IPOs and they probably blessed this strategy already.

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Re:Apollo will close down on June 30th by mrguyorama on Thursday June 08, 2023 @06:07PM (#36249889)
"Old school investors" haven't mattered since the Dotcom boom showed you can just make money by making up a narrative, selling, and walking away.

That's been the economy in the US for two decades now.

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