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0 pointsben_w2y ago0 comments

Pyrrhic victory for Reddit Corporation?

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3 comments · 1 top-level

nerdponx2y ago· 2 in thread

Hardly Phyrrhic. "Noticeable in numbers" does not equate to even short-term financial damage, let alone harm to the longer-term financial outlook. Reddit Corporation won unambiguously, as expected by most reasonable observers.

Rastonbury2y ago

If those numbers are to be believed, it ruined any chance of their IPO for a couple of years. It's hard to sweep 'we lost 20%+ MAUs because of a policy change' under the rug when users/impressions are the lifeblood of a social media site

redserk2y ago

I’d wager the interest rate hikes and increasing conservative decision making around acquisitions has a greater impact on pushing back the IPO.

Reddit killed off almost every third party app and had half of the site shut down for a few days, but still came out ahead with a site that’s still very active and with the bonus of pruning unpaid mods who would’ve been likely to disrupt the site again.

Reddit’s only realistic time to IPO was mid-pandemic.

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