Still, with a chunk of Reddit shut down, there’s no initial public offering. So if Huffman really wants to go public, he will need to find a way to align moderators and investors. One option would be to pay mods, or – if they don’t want to become de-facto employees – reward them in other ways. For example, he has pledged to develop new tools to replace the beloved apps. Either path involves higher costs, and a more tortuous path to profitability.

In short, the mods have shown that Reddit needs a business-model tweak. And potential investors will want to see it in action before shelling out for the shares, which makes a rushed IPO seem unwise. The self-branded “front page of the internet” has been waiting to IPO since 2021; it may have to moderate its expectations again.

  • canOP
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    1 year ago

    I tried to do a cross post but I’m not sure I understand how. I may have broke it by editing it.

      • canOP
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        1 year ago

        I didn’t find it bad. But it is an opinion piece.

      • coldv@lemmy.world
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        1 year ago

        Yeah I don’t think the person who wrote it didn’t do much research on the subject. Alas it’s an opinion piece so can’t really apply the same standards I guess.