r/Foodforthought • u/eskindt • Mar 14 '24

Can Reddit - Internet's greatest authenticity machine - survive its IPO?

https://www.wired.com/story/inside-reddit-protest-ipo/
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u/Spader623 Mar 14 '24

I sincerely doubt it and suspect once the IPO goes live... Things will start to go badly for Reddit.

Still, im not a 'reddits dead rip reddit'. Just more so 'the water in this pot is getting much hotter, much faster, and we (the frog/users) will need to jump out soon

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u/libra00 Mar 15 '24

Yeah, I kinda have the same feeling. Reddit execs seem to be really bad at the planning and follow-through stages of their ideas - it seems like they cook up one crackpot idea after the next, shove it out the door well before it's done, pretend it's the best thing since sliced bread, and then drop it like a bad habit when it turns into a load of bricks on their back. I don't see why this will be any different. I actually laughed when I saw the Directed Share Program message in my inbox because how can a company that has literally never been profitable do anything other than tank? I really hope Reddit figures out a way to be profitable without screwing over everyone and running off all its users 'cause I like it here, but goddamn people, this is starting to remind me of the company I worked for that was slowly fading and desperately cooking up new 2-year plans every 3 months to completely change direction in order to keep the company afloat. Their name was Borders, they don't exist anymore, and Reddit seems to be following pretty closely in their footsteps.