• TranscendentalEmpire@lemm.ee
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    1 year ago

    reddit is a public company

    I don’t think they are public yet, the reason they pulled their little stunt in the first place is to prep for their IPO release. I think the general uproar probably set them back a while, but I’m sure the IPO is coming.

    • jaybone@lemmy.world
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      1 year ago

      Oh after all this shit, did they still not do their IPO they were talking about forever? Jfc that place is a joke.

      • TranscendentalEmpire@lemm.ee
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        1 year ago

        Not yet, don’t think they were expecting the revolt they ended up with. Investors aren’t going to be too excited to buy an IPO whose consumers are that upset when they try to monetize their platform.

        • jaybone@lemmy.world
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          1 year ago

          I’m a bit surprised to hear that. I don’t visit there anymore and only get my Reddit news from the occasional Reddit bashing post here.

          And from those posts, there are a lot of people saying the protests don’t do shit.

          If they are still waiting on this IPO so many months later, then clearly they made a boo boo lol.

          • TranscendentalEmpire@lemm.ee
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            1 year ago

            I wouldn’t say that it worked, more that it did some damage. They are still going to go public, which means it’s going to eventually be fully monetized. This just did some damage to their quarterly, which is still a win in my book.