Fapper_McFapperJun 9, 2023
Fuck Reddit
Show threadscoredseqricaJun 9, 2023
Ultimately fuck capitalism, its capitalisms market forces that drive this behaviour.
Show threadaroomJun 9, 2023
you can't blame every personal comportement to capitalism. it's to easy.
Show threadKichaeJun 9, 2023
But this thing with the Reddit API is, uh, directly related to capitalism? This isn't grasping at straws, it's literally capitalists doing a capitalism.
Show threadjeenaJun 9, 2023
They've been loosing money for 20 years, now they want the IPO so they need to show that they can also make money.
Show threadkrolden
If they're losing so much money then why do they have 2000 employees?
Jun 9, 2023 at 4:11pmWeb
Show threadheartlessevilJun 9, 2023
Capitalism
Show threadhalf_built_pyramidsJun 9, 2023
Yeah weird where are they getting money?
Show threadomar9000Jun 10, 2023
Outside investors -- people who gave money in exchange for ownership of the company and its IP. They're received about 1.3 billion dollars in five or six rounds of funding from external investors. Reddit's motivation to IPO is to pay off those investors and restructure ownership of the company.
Reddit - Funding, Financials, Valuation & Investors

Reddit is an online platform that enables users to submit links, create content, and have discussions about the topics of their interest.

Crunchbase
Show threadhalf_built_pyramidsJun 10, 2023
Oh, so reddit isn't really a capitalist thing where it's competition making it better? It's more like it just found the right people to beg from, but they want paid back?
Show threadcnnrduncanJun 10, 2023
Yes, that's how a lot of tech companies work in late-stage capitalism. It's more about stock prices than "begging" though.