[falcolas]

> What does that really accomplish?

To borrow from another comment buried below: I think the company cares more about the appearance of "business as usual" in the face of an IPO than the opinions of the users.

In their eyes, this is all nothing more than a tempest in a teapot; a small pothole on the road to public investor dollars.

[EA-3167]

I can sort of understand the mentality, but right now Reddit looks like a terrible IPO prospect. It isn't profitable, it's poorly managed, lacks transparency, depends on volunteers to function on a daily basis, and when they make a move to make themselves profitable their user base rebels in a fairly public and humiliating way.

All of this in the post-Fed rate hike world where money isn't free. Besides I feel it's important to remember that Reddit has been talking about an IPO for many years, and I doubt it's going to happen now.

[NikkiA]

> depends on volunteers to function on a daily basis

it depends on volunteers to function at all. Posters and commenters are volunteer too, which is something reddit oft seems to forget.