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by EA-3167
1098 days ago
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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. |
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it depends on volunteers to function at all. Posters and commenters are volunteer too, which is something reddit oft seems to forget.