Reddit seeks to launch IPO in March
Reddit seeks to launch IPO in March
They are about 2 years too late.
The rise in interest rates and the end of easy VC money has swung the dial back to: Companies actually need to generate profit and not just show user growth to be attractive to investors.
The IPO will not go as spez dreamed for so long.
Time to fire up the protests again and shut down major subreddits again.
Honestly, why bother?
Management has been wanting to cash out for a decade.
The IPO will go ahead, the reddit of the days of yore is dead. It will not improve.
The horse is dead, beating it will just make you hot, sweaty and your arm sore.
No matter what you feel about the place it was never going to go any other way.
It's like thinking one final shopping spree at Toys'R'Us would have stopped the hedge fund flunkies from siphoning every last cent out of the company.
They already made the decision. The data doesn't matter (much like the Work From Home / Return To Office fight) and the decision has been made to squeeze profits until it is bled dry.
They never really cared how the userbase was going to feel about it.
Going to be a whole new world of monetization to satisfy the share holders.
no
uploadings 1gb noise video better
They don't care. Reddit does not give a shit about its users.
Oh, not a good time to do that. I wonder if something forced their hand to do an IPO during an economic downturn.
Yeah, spez wants to get paid before the whole thing comes crashing down.
I give it 2 months before they axe or further cripple old.reddit prior to IPO, should give Lemmy another wave of new users.
If I were them I would definitely keep it up at least until the IPO so they can still count that traffic.
Hope Spez eats shit lol
I agree with you, Lemmy World version of me.
I see you, Kbin me.
Yeah you do buddy, yeah you do.
A certain Steve miller band song comes to mind.
Take The Money and Run?
I was thinking more along the lines of: The Gambler
You got to know when to hold 'em, know when to fold 'em
Know when to walk away and know when to run
Except they should have walked away about 4 years ago...when their chip stack was a much larger pile. Now they are trying to run with what they have left.
Puts on that IPO.
Oh man. This is gonna be fun. I already got all the stuff I need off the site. I can't wait.