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> They are trying to sell it. I think a more natural move would be to IPO. Since Steve Huffman stated that monetization is not a top priority, it won't be happ
by ploggingdev 9y ago
> They are trying to sell it.
I think a more natural move would be to IPO. Since Steve Huffman stated that monetization is not a top priority, it won't be happening anytime soon.
Fun fact : they sold reddit in it's infancy and then later regained control. That sale didn't end well. Even if they do find a more savvy buyer like FB/Google , reduced founder control in a community driven website can't be a good thing. Having spent billions to acquire reddit, the new owner will likely begin to turn it into an advertising machine which has the potential to alienate the core userbase. On reddit, the core userbase is everything.
- nojvek 9y agoThat's what they said about Facebook and Google ads. Reddit is a treasure trove of a user's information and tastes. People spend ridiculous amounts of time on it. An IPO would end up like snapchat. Without solid $$$ growth, wall street will eat reddit for lunch. Much better to do sell it to Google / Facebook or the media companies. There is absolutely no way whatsapp would been able to fetch it's valuation if it went IPO.