After a series of community revolts and a revolving door of chief executives, by 2015 Reddit had more than 100 million users but only $12 million in annual revenue…
…Perhaps Reddit’s biggest obstacle to a smooth I.P.O. has been its users. The thousands of forums, or “subreddits,” that make up the site are overseen largely by a volunteer force of moderators. Some have resisted the idea of Reddit’s being a public company, concerned that market forces and the quarterly demands of shareholders will corrode some of the features that made the site so attractive to them.
Apparently the community revolts were ended by 2015, and the recent issues have just been unspecified “resistance to going public”. That thing that was national news 9 months back, and was also reported about in the New York Times, somehow didn’t merit a mention.
Mike Isaac has covered Reddit since 2010 from San Francisco.
By “covered Reddit” does he mean wrote articles with whatever comment was most upvoted on a topic? Because he certainly didn’t demonstrate a particularly deep understanding of Reddit in this article.
Apparently the community revolts were ended by 2015, and the recent issues have just been unspecified “resistance to going public”. That thing that was national news 9 months back, and was also reported about in the New York Times, somehow didn’t merit a mention.
By “covered Reddit” does he mean wrote articles with whatever comment was most upvoted on a topic? Because he certainly didn’t demonstrate a particularly deep understanding of Reddit in this article.