Causality might run the other direction in this case. The article says the date of that -41% valuation was April 28. So what I wonder is whether the upcoming changes are a sort of desperation move by reddit to shore up the bottom line. Not that I expect it to work.
I wonder if this has anything to do with the api debacle.
Causality might run the other direction in this case. The article says the date of that -41% valuation was April 28. So what I wonder is whether the upcoming changes are a sort of desperation move by reddit to shore up the bottom line. Not that I expect it to work.
It does feel a little early to be from that situation, which could mean future investors pulling funds if there’s significant backlash.