Comment by cwkoss
2 years ago
Its pretty funny that Huffman did all this to try to juice IPO price by ~10% and probably will end up dropping IPO price by 40% vs if he had done nothing.
I wonder what shareholders think of his 'leadership'.
2 years ago
Its pretty funny that Huffman did all this to try to juice IPO price by ~10% and probably will end up dropping IPO price by 40% vs if he had done nothing.
I wonder what shareholders think of his 'leadership'.
I wouldn't assume this would drop IPO price. If it winds up making reddit more profitable, that is.
I would estimate 10+% of reddit has deleted their accounts, but most importantly, that 10% skews significantly toward 'power user'. Quality of content is already dropping apparently.
Not all investors will recognize that nuance, but 'reddit in chaos' was national news.
> I would estimate 10+% of reddit has deleted their accounts
You'd be wrong.
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"I must do something. This is something. I will do it."