Reddit delivered strong earnings, but the numbers beneath the surface tell a different story. Slowing logged-in user growth and AI-powered search could threaten the platform's long-term value.
If spez would’ve started an askreddit thread about the pros and cons of licensing user content to google he probably would’ve gotten a preview of how much he’d be on the short end of the stick
If spez would’ve started an askreddit thread about the pros and cons of licensing user content to google he probably would’ve gotten a preview of how much he’d be on the short end of the stick
Didn’t it happen around IPO?
One could theorise it was done to boost forward projections at that specific time of the company’s lifecycle
Reminds me of that vc fraud article
https://www.msn.com/en-us/money/smallbusiness/vc-backed-startups-commit-more-fraud-and-researchers-think-they-know-why/ar-AA299xod