There’s no way they can IPO with under the current circumstances. They’ll not be able to strong-arm the volunteers into submission. I’m thinking there’s a deadline, they’ll drop spez and sell the company off to some place that gives a crap.
They’ll sell the company off to some place that will give less of a crap and will need to monetize even more to recoup their investment. It will become Deaddit.
Reddit was once a beautiful thing, I hope a way can be found for it to remain so. But this seems like a much nicer place now, more like the Reddit of old. So unfortunately, Deaddit seems like the only moniker that fits now.
Reddit is now further away from a public offering than it was last year, Mr. Huffman said.
https://kbin.social/m/reddit@lemmy.world/t/85610/Spez-talks-to-NY-Times
