Posted on 11/08/2023 9:29:28 AM PST by george76
Nextdoor: one big ‘Karen’ clambake of angry menopausal harpies..
Social media giant Nextdoor, which I refer to as one big “Karen” clambake of angry menopausal harpies, announced it will lay off 25% of its staff in a financial report posted Tuesday. Cue the violins… millions of people won’t care at all – or will celebrate.
The most toxic of all of the social media organizations, Nextdoor is the hyperlocal “neighborhood” website which claims, “it’s where communities come together to greet newcomers, exchange recommendations, and read the latest local news. Where neighbors support local businesses and get updates from public agencies. Where neighbors borrow tools and sell couches.”
“Karen” doesn’t greet new neighbors the way you might expect.
KRON reported:
In a financial report posted Tuesday, the job cuts are part of a broader cost reduction plan that targets reducing the neighborhood network social media company’s personnel expenses by $60 million.
“This reduction in our team is the hardest decision we have had to make at Nextdoor,” said Nextdoor CEO Sarah Friar. “While our opportunity and belief in the transformative power of community remains unwavering, and our business is financially strong with a healthy balance sheet, we must follow through on our commitment to our shareholders.”
Nextdoor employs a little over 700 people. “Assuming the number stayed flat, that means 176 Nextdoor employees will get a pink slip. A Nextdoor spokesperson did not provide an exact number but confirmed that almost 200 employees are part of the reduction,” the San Francisco Standard reported.
In its financial report, Nextdoor’s highlighted metrics for the quarter ended September 30, 2023 include:
Total Weekly Active Users (WAU) of 40.4 million increased 6% year-over-year. Revenue of $56 million increased 4% year-over-year. Net loss was $38 million, compared to $35 million in the year-ago period. Adjusted EBITDA loss was $20 million, compared to $18 million in the year-ago period. Ending cash, cash equivalents, and marketable securities were $540 million as of September 30, 2023. The Globe has followed the tech layoffs closely – Twitter, Pelaton, Lyft, Opendoor, Chime, Stripe, Intel, Microsoft, Salesforce, Google, PayPal, NetApp, Yahoo, Twilio, Meta, Apple, Dropbox and Amazon have all made cutbacks and layoffs starting in October of 2022.
As for Nextdoor, get in line for cutbacks and layoffs.
The reality of Nextdoor is those few administrators controlling neighborhood Nextdoor sites have created a toxic cesspool that facilitates irrational neighborhood drama, encourages groupthink, and is where neighbors can do hand-to-hand combat on city issues without leaving the comfort of their recliner.
However, not everything about Nextdoor is noxious. The Best of Nextdoor on Twitter is priceless and thoroughly entertaining.
This, because to sign up, your name is (supposedly) vetted and is present with any post. Unlike FR where at least you have some small degree of anonymity to speak freely.
I messed around there a bit. Someone from a HOA controlled gulag wrote: What color can I paint my front door?”
I made friends when I said “You live in America, paint it any color you want.”
I finally got kicked off for some comment or another.
I would have told them to put a yellow star on the front door...
;-)
My sister loves the site. Then again, she is a Karen in both name and personality, so it makes sense.
Yes, indeed. They booted me for repeatedly posting the link to the VAERS website.
In my “neighborhood,” most of the postings are “does anyone know this dog that’s running around?” or “Help, my kitty hasn’t been seen since last night!”
That’s really hateful and unfair.
Surely ALL of the subscribers aren’t named Karen.
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