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That’s not what they (Reddit) are signaling.
by more_corn 3y ago
That’s not what they (Reddit) are signaling.
- nocoiner 3y agoI know, but as it exists today, there’s real value to Apollo, the app. Doesn’t sound like it’s possible for Christian to continue to capture 100% of that value, but if I’m Reddit, I’m at least considering a low seven-digit acquisition and capturing x% of that value going forward. That said, the Apollo business is a melting ice cube at the moment. It’s quite possible that 6/30 rolls around and Christian shuts it down and all that value is lost, but it would be rational in the meantime for Christian and Reddit to find a way to share it. Just gotta figure out that split, and this whole thing turns into a win-win.