My guess is the venture capitalists are done funding Reddit, and the owners are looking to quickly IPO, cash out, and skedaddle before the company collapses. Then some right-wing political organization with deep pockets will take over what’s left of Reddit and use it as a mouthpiece.
My guess is the venture capitalists are done funding Reddit, and the owners are looking to quickly IPO, cash out, and skedaddle before the company collapses. Then some right-wing political organization with deep pockets will take over what’s left of Reddit and use it as a mouthpiece.
And/or, private equity is revving up the bulldozers to strip mine each and every last bit of value out of it before they let it collapse.