Reddit on Wednesday announced that it has confidentially submitted a draft registration statement with the Securities and Exchange Commission to go public.
  • Zerush
    251·
    3 years ago

    Reddit is worse than Facebook, it includes even keylogger through trackers from TowerData. Vade retro.

    Your posts and ID in Reddit are known by Google, Facebook, M$ and half a dozen more companies.

  • krolden
    17·
    3 years ago

    Aaron Schwartz is spinning in his grave.

  • a_Ha
    10·
    3 years ago

    “Reddit” (utility) “files” (needs) “to go public” (money)
    … Many English sentences seems absurd to me on the first read.

  • const_void
    102·
    3 years ago

    Kinda surprised they’re going public with all the toxic subs they still run. So many subs named “master race” etc. Investors will have questions.

    • ☆ Yσɠƚԋσʂ ☆
      13·
      3 years ago

      All shareholders care about is that Reddit is a popular site where they can mine user activity data.

    • dogmuffins
      13·
      3 years ago

      I disagree. This issue applies to advertisers, who don’t want their brand shown along side questionable content, but investors don’t care. Investors only care about profitability and growth potential.

      • const_void
        8·
        3 years ago

        That’s what I’m trying to say. All of that has to be ‘explained’ to shareholders.

        • xenith
          13·
          3 years ago

          Meanwhile actual hate subs will go unnoticed while reddit shuts down pcmasterrace to get a higher IPO

    • loki
      4·
      3 years ago

      same for me. but it’s getting more likely they will shut the api down for profit

    • dogmuffins
      9·
      3 years ago

      Not really. Every generation needs to die off to make room for the next to flourish. I feel like reddit has been stumbling along as an undead monolith for long enough. At this point it’s not doing much other than preventing the fediverse from building a stronger network effect.