Reddit, particularly the AMA and the blackout, have been broadly covered repeatedly over the past week by global media including targeted business media (BBC, The New York Times, Bloomberg, The Japan Times, Reuters, Toronto Star, CBC, Business Insider India, NASDAQ.com, just to name a few). This coverage in traditional media cannot help (1) valuation estimates of Reddit or (2) acceleration of an IPO if either is the goal of u/spez’s current posture toward Apollo, etc. Reddit’s management practices appear a catastrophic mess to the investor community which is the worst possible outcome for u/spez’s longevity as CEO.
Yeah I’m still doubtful that they’ll change course on any of this at this point, or that the protests will get any of the satisfaction they’re hoping for…but it seems like… perhaps even bigger picture… it’s hitting Reddit where it hurts the most for someone in spez’s shoes: image to investors, both personally and as a platform/product.
When your idea of “tidying up the place to get ready for an IPO” galvanizes the community into action, creates personal drama with a local folk hero equivalent, triggers a strike that breaks the site, and makes the news for all the wrong reasons… that’s gotta make investors at least a little bit curious, I would think.
Reddit, particularly the AMA and the blackout, have been broadly covered repeatedly over the past week by global media including targeted business media (BBC, The New York Times, Bloomberg, The Japan Times, Reuters, Toronto Star, CBC, Business Insider India, NASDAQ.com, just to name a few). This coverage in traditional media cannot help (1) valuation estimates of Reddit or (2) acceleration of an IPO if either is the goal of u/spez’s current posture toward Apollo, etc. Reddit’s management practices appear a catastrophic mess to the investor community which is the worst possible outcome for u/spez’s longevity as CEO.
Well that’s certainly hopeful news.
Yeah I’m still doubtful that they’ll change course on any of this at this point, or that the protests will get any of the satisfaction they’re hoping for…but it seems like… perhaps even bigger picture… it’s hitting Reddit where it hurts the most for someone in spez’s shoes: image to investors, both personally and as a platform/product.
When your idea of “tidying up the place to get ready for an IPO” galvanizes the community into action, creates personal drama with a local folk hero equivalent, triggers a strike that breaks the site, and makes the news for all the wrong reasons… that’s gotta make investors at least a little bit curious, I would think.