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I mean this is all textbook IPO nonsense: Pump the revenue however possible (crazy API fees, push for native only) assuming that people have no choice cause it

I mean this is all textbook IPO nonsense: Pump the revenue however possible (crazy API fees, push for native only) assuming that people have no choice cause it’s been so long Slash anything that isn’t directly revenue producing All to make the P/L look really groovy but more importantly as a loyalty test to your underwriters.

ProjectArcturis 3y ago
They've also enshittified the website experience, with auto-expanded, auto-play ads at full volume.
- vosper 3y ago
  I think that falls under >> Pump the revenue however possible
  - TX81Z 3y ago
    Depends on time scale. You can only piss off a certain percentage of users for a short time. If that percentage goes up, and people stay angry, that takes longer, but then you die. People forget exponential growth in a social network always ends with exponential collapse. It takes a while to get there, but sites can clear out in a matter of months.
flangola7 3y ago
Why are they so eager to IPO in the first place?
- valval 3y ago
  Beats me, but there has never been a stock I've been more eager to short.
- NoboruWataya 3y ago
  Money. They, and probably more importantly their existing investors, want a pay day.
- AndrewKemendo 3y ago
  Our society and more specifically the finance class of investors, have structured society to prioritize getting a “positive exit” as more important than literally anything else in society. So this is them getting that for Reddit
- efficax 3y ago
  when you raise capital you've got to give it a return, and an IPO is the classic exit if the amount of capital you've raised is huge. Early investors get their payday.
- constantcrying 3y ago
  If you have invested in a company, selling it on the stockmarket is a good way to turn the stake you previously bought into money. Obviously you want to maximize the selling price, as that is the actual profit you are making. If they are IPOing, they either need funding or believe its current evaluation will give them a good price.

ProjectArcturis 3y ago

They've also enshittified the website experience, with auto-expanded, auto-play ads at full volume.

vosper 3y ago
I think that falls under >> Pump the revenue however possible
- TX81Z 3y ago
  Depends on time scale. You can only piss off a certain percentage of users for a short time. If that percentage goes up, and people stay angry, that takes longer, but then you die. People forget exponential growth in a social network always ends with exponential collapse. It takes a while to get there, but sites can clear out in a matter of months.

flangola7 3y ago

Why are they so eager to IPO in the first place?

valval 3y ago
Beats me, but there has never been a stock I've been more eager to short.
NoboruWataya 3y ago
Money. They, and probably more importantly their existing investors, want a pay day.
AndrewKemendo 3y ago
Our society and more specifically the finance class of investors, have structured society to prioritize getting a “positive exit” as more important than literally anything else in society. So this is them getting that for Reddit
efficax 3y ago
when you raise capital you've got to give it a return, and an IPO is the classic exit if the amount of capital you've raised is huge. Early investors get their payday.
constantcrying 3y ago
If you have invested in a company, selling it on the stockmarket is a good way to turn the stake you previously bought into money. Obviously you want to maximize the selling price, as that is the actual profit you are making. If they are IPOing, they either need funding or believe its current evaluation will give them a good price.