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There’s plenty of reasons that Reddit would be a terrible public company and self-promotion rules are pretty low on the list. Much bigger problems are the inhe
by koolba 4y ago
There’s plenty of reasons that Reddit would be a terrible public company and self-promotion rules are pretty low on the list.
Much bigger problems are the inherent anti-ad ethos of its users due to being more tech savvy than the average internet user (and by that I mean savvy enough to install an ad blocker), the massive bot problem, active user angst for any site changes regardless of revenue or interaction impact, all of which generalize to, “we’ve been around for nearly 15 years but have never managed to be cash flow positive”.
I think they really missed the boat for an IPO(and subsequently dumping the shares on retail chumps). The tanking equities market, rising rates, and recession fears mean there’s little to no chance of it happening any time soon.