Reddit might once again be flirting with an IPO | TechCrunch
Reddit might once again be flirting with an IPO | TechCrunch
The San Francisco-based company, co-founded by Steve Huffman, Aaron Swartz and Alexis Ohanian in 2005, could go public as early as Q1.
Reddit's long-term downhill has long-started, API changes was part of the beginning and now, it continues. If Reddit goes public, the need to please investors, VCs and so on will make it even less ignorant to what the users wants.
It has never been a better time to switch to Kbin or the fediverse in general.
Techies will care, most people won't. Niche communities will still be on Reddit. It's just easier and data never gets lost (as has proven to be the case many times in the fediverse).
You're 100% correct, but I think this issue has a time limit. Fediverse already can pretty much do everything reddit and twitter does, but still has loads of potential to innovate in areas that those services won't/can't.
when did they stop
If they go public Q1, I will be there to short them so hard.
I consider myself as the "basic average consumer", and generally when I start using a product regularly, the company producing it makes profit, when I stop using it, the company starts making losses. Not that I've got super powers, but I'm really representative of the average Joe, and they are millions like me. So, considering Reddit, a few tries, and i got banned quite quickly for really mundane stuff, which would have, at best, deserved a slap on the hand. So I guess, unless they drastically change their moderator policies, they won't last long.
Besides, checking who were the owners, I've found out that Reddit is a subsidiary of the company (advance publication) owning also WTC, WTC ia a triathlon organisation giving (against serious cash) out of shape douchebags an "ironman" status. But even douchebags don't like being taken for cashcows, and the company is getting less and less registrations, some events are not renewed year on year, and their 5150 series is a huge fail.
So yes, indeed, if there is a company good to short in the future, it's "advance publications".