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His job is to double down on getting Reddit public with a successful IPO. Investors want their $ back out of Reddit
by QuarterRoy 3y ago
His job is to double down on getting Reddit public with a successful IPO.
Investors want their $ back out of Reddit
- almost_usual 3y agoWith all the negative publicity this IPO is DOA. Not unless they push it out year(s) and do PR. Damage is already done.
- brutal_chaos_ 3y agodoubtful. if the blackout doesn't stay, the issue will be forgotten about. The majority of users won't see a difference for awhile, probably until a bit after Reddit goes public and makes the API switch. and by then investors will have pulled money out, moderators won't be able to moderate, and Reddit will die slowly (or quickly, depending on spam volume after the switch).
- randomdata 3y agoAn IPO is the least of his concerns right now. It is clear they are on the verge of bankruptcy and are panicking, desperately trying to find some source of revenue to keep the lights on. In the past they would find more investors, but investors have had enough.