As an advertiser, I have concerns about their ad platform, and as a user, I'm terrified to think about what is in store for the future as they gear up for pleasing investors. History tells us that the soul of Reddit will not remain intact (if it is in fact even there still).
Also still to be uncovered is what role Reddit (and potentially mods/employees) played in the election. It is no secret that Reddit was HEAVILY targeted by Russia (and still is). If I were a potential investor, I'd want to be much more confident in the accuracy of their user counts and growth. There's a LOT of fake accounts there.
In other news, water is wet. Of course they're considering an IPO eventually; they took $200m in funding just a few months back. I suspect people upvoting the article didn't actually read it, or else they would have seen the quote from Steve saying "the time frame is pretty far out".
Short of the year right there. Reddit's revenue model makes Twitter look like a cash cow.
This is amazing. Reddit today is pretty much the same site it was in the "Conde Nast dark ages", but with 100x the headcount and many many millions of VC money (I guess you could call that "liabilities").
So what is it that now makes it an IPO candidate presumably worth many magnitudes of what it was to Conde Nast?
Why do I have a feeling that Reddit Gold will be worth more than a share?
The source interview is available here (35 mins long): https://www.youtube.com/watch?v=GvRZx5gmajs
The scale is impressive, but the site hasn't changed meaningfully since I started using it a long time ago. This is a sign of 1) a perfected product 2) a team that doesn't know why they're successful so is scared to change anything 3) huge technical debt or 4) poor engineering staff.
Which also reminds me that I am thinking seriously of Yishan-style CEOs and the board of directors should follow the same standard too.
Reddit is considered a social network?
Invest in our openly hostile userbase now!
Smart move - better IPO before the incoming censorship increase.