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A lot of Redditors hate the Reddit IPO
“Yea I’m not buying. But I will be watching it tank.”
On r/technology, the top comment on the IPO story is, “The beginning of the end.” There’s gloomy speculation about the measures management may take to make the company profitable — which subreddits might be banned, how much users might have to pay to post, a heavier ad load. Events such as the war in Ukraine and the release of the video game Elden Ring — these are Reddit’s own examples — lead to spikes in user engagement. Sure, Reddit’s trying to diversify its revenue by selling its data to help train AI; I don’t think the timing of that Google deal, just days before the S-1 became public, was a coincidence.
Or read this on The Verge
