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Its so stupid that this is all "for" an IPO. I can't imagine huge investing houses, retirement funds, analysts and such investigating Reddit, and missing the ma

• raverbashing 3y ago
  That's ok, if it doesn't work out they will just use it as a shell for a massive loan then abandon it with the repayment burden
• bombcar 3y ago
  The IPO brokers just care if they can pass the bags to the general public. And that includes retirement funds and such, especially the general ones that follow indexes of various types.
  • rchaud 3y ago
    Chances are, the investment bank looked at Reddit's financials and said "Here's the IPO price we can hit", and Reddit's execs realized it would be well below the amount they thought their stocks option packages would be worth.
• Spooky23 3y ago
  People can go to great lengths to avoid noticing things of their bonus depends on it.
• bink 3y ago
  It makes sense if the mobile app provides more "monetizable" users. Shift everyone to the mobile app (or try to) and juice those numbers for advertisers and provide better revenue numbers for the IPO. Unlike the API change though, I think they do risk losing users with this who still see ads and provide some return.
  • brucethemoose2 3y ago
    But that comes at the great long term expense of alienating some of Reddit's most prolific users. I know what they are thinking, but (setting aside the whole enshittification thing) it makes me sad to see yet another long term sacrifice for some quick profit. It makes me not want to invest in them.