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The kicker here is, if this is all for an IPO, as an investor, would these moves give you more confidence in the leadership or less? I can kinda see arguments
by BeefWellington 3y ago
The kicker here is, if this is all for an IPO, as an investor, would these moves give you more confidence in the leadership or less?
I can kinda see arguments for both directions, but I can think of more that would cause me to have less confidence.
The biggest IMO is that what's happening here is a gamble by leadership that people are so drawn to Reddit that they'll give up their far superior mobile apps or desktop experiences for it.
The second biggest is the speed with which they pushed this decision. By forcing it to happen so quickly and not offering an actually sufficient grace period, it's pretty clear this is just about trying to fatten up for the IPO and doesn't represent solid medium to long-term thinking and direction.
Maybe investors won't care. Maybe users are truly too hooked to Reddit specifically to leave, as we've seen mostly play out with Twitter.
- hsbauauvhabzb 3y agoWhat if the intent is to increase brand and impending IPO awareness? Investors don’t care about ethics, and they’re well aware that the majority of users won’t care about this decision.
- HlessClaudesman 3y agoVarious sovereign wealth / fund manager types like the idea of a compliant userbase under their thumb. Taming the internet is the whole point.
- dimmke 3y agoThat’s definitely the part I don’t understand. They have actively been stomping out the unique things they have that could make them a competitor, and are in the process of becoming a modern funnyjunk.com As an investor, what is the value here? They’re trying to play in a space occupied by giants like TikTok and Facebook and failing. It’s just hard to imagine investing in such a company.