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What? Reddit has been privately owned since 2006: https://www.crunchbase.com/acquisition/condenast-acquires-reddit--b9ab8dbe https://www.crunchbase.com/acquisi

What? Reddit has been privately owned since 2006: https://www.crunchbase.com/acquisition/condenast-acquires-reddit--b9ab8dbe https://www.crunchbase.com/acquisition/condenast-acquires-re... And it's been a shitshow since they pulled their free speech bait & switch in 2015, so good riddance.

AndrewKemendo 3y ago
Reddit is going public this year and needs to pump revenue numbers up while they are preparing the filing so that the equity holders get a good multiple from the underwriter. After that, the activist investors which will certainly look for more margins will demand reddit reduce services and increase revenue irrespective of what that does to the services, so long as the relative cost/benefit is beneficial to quarterly returns.