I’m not into investing, so sorry if this doesn’t make sense.
With all the drama and news surrounding Reddit recently, why is Reddit making such bad decisions when they are about to go public? With all of their negative decisions they’ve been making recently, wouldn’t all the bad press make their IPO worse? Are they trying to maximaze their profits to make their company seem better to investors when they go public?
They might have rushed their plans a bit and were trying for a quick IPO and exit. Some of Huffman’s comments and admins’ announcements have a tone of surprise to them as if they weren’t expecting this level of pushback.
I’m not an investment analyst nor a market researcher, but pissing off the people that form the basis of what brings revenue to the site seems a bit of a poor decision.