If the market for initial public offerings recovers in the new year, one company that aims to go public early on is Reddit. An IPO will put the spotlight on the prospects for Reddit’s advertising business, which has fallen short of ambitious growth targetsoutlined by executives two years ago. ...
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It’s in the article. They were aiming for 1B, grew 800m.
Which is kind of funny because it’s still a 4 out of 5 ratio.
Is that a CC license for your comment? I wonder if it actually works, legally, because I do like the idea that (for example) commercial LLMs wouldn’t be allowed to train on my comments.
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Falling short of growth means their going to take aggressive action.
This is typical traded-company bullshit. You have to reach quarterly projections. Even if you’re in the black, if you don’t reach the projection the shareholders will react accordingly.
So, to avoid missing their next quarter, they will enshittify to meet shareholder demands. And it may work, for a while. But it will continually drain their userbase to nothing.
Bruh, are you putting a licence on every single comment? Lol.
What do you hope that will accomplish?
Btw, don’t you actually have to say in the comment that the comment is licenced using “CC BY-NC-SA 4.0”? Just linking to it seems like it’s not enough.
Falling short of growth targets doesn’t mean they made a negative. Hitting 4% growth instead of 5% is still pretty good for example.
If you like this comment I made, feel free to tip me with PayPal.
I have sent the money.
Consider it a bribe.