If the market for initial public offerings recovers in the new year, one company that aims to go public early on is Reddit. An IPO will put the spotlight on the prospects for Reddit’s advertising business, which has fallen short of ambitious growth targetsoutlined by executives two years ago. ...
Anyone got the full article? Falling short of growth targets doesn’t mean they made a negative. Hitting 4% growth instead of 5% is still pretty good for example.
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It’s in the article. They were aiming for 1B, grew 800m.
Which is kind of funny because it’s still a 4 out of 5 ratio.
Falling short of growth means their going to take aggressive action.
This is typical traded-company bullshit. You have to reach quarterly projections. Even if you’re in the black, if you don’t reach the projection the shareholders will react accordingly.
So, to avoid missing their next quarter, they will enshittify to meet shareholder demands. And it may work, for a while. But it will continually drain their userbase to nothing.
Is that a CC license for your comment? I wonder if it actually works, legally, because I do like the idea that (for example) commercial LLMs wouldn’t be allowed to train on my comments.
That is indeed a CC licenced comment for the exam reason you surmised 🙂 Made a post about it and others are skeptical, but it only “costs” me a Ctrl+V at the end of each post, so I’ll just continue doing it. Feel free to join
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