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Its pretty funny that Huffman did all this to try to juice IPO price by ~10% and probably will end up dropping IPO price by 40% vs if he had done nothing. I wo
by cwkoss 3y ago
Its pretty funny that Huffman did all this to try to juice IPO price by ~10% and probably will end up dropping IPO price by 40% vs if he had done nothing.
I wonder what shareholders think of his 'leadership'.
- 93po 3y agoI wouldn't assume this would drop IPO price. If it winds up making reddit more profitable, that is.
- cwkoss 3y agoI would estimate 10+% of reddit has deleted their accounts, but most importantly, that 10% skews significantly toward 'power user'. Quality of content is already dropping apparently. Not all investors will recognize that nuance, but 'reddit in chaos' was national news.
- TechBro8615 3y ago> I would estimate 10+% of reddit has deleted their accounts You'd be wrong.
- johnnyanmac 3y agoI'd be surprised if it was 1%, even if we filter to daily active users. Granted, 1% would still be a lot on this scale. So I'm not saying that as an insult.
- cwkoss 3y agoOK, 10% of actually-active accounts. Reddit certainly has a huge number of zombie accounts - I think I have 3.
- afterburner 3y ago"I must do something. This is something. I will do it."