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A comment on Reddit is removing moderators that protest by taking their communities private. Parent comment

Re:Reddit is removing moderators that protest by taking thei... by baq on Friday June 16, 2023 @02:20AM (#36352217)
Some people here laughed at me when I said their financial projections are garbage, obviously have false assumptions given they’re actually implementing the plan.

It’s a sad thing to watch.

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Re:Reddit is removing moderators that protest by taking thei... by bbarnett on Friday June 16, 2023 @03:29AM (#36352780)
Some people here laughed at me when I said their financial projections are garbage

You fool! Their projections are only garbage, because they haven't IPO'd yet! Sure, they're not profitable now, but once they IPO, they'll have the money to, uh... I mean, to become profitable! That's it!

Stop confusing the issue!

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Re:Reddit is removing moderators that protest by taking thei... by Ringz on Friday June 16, 2023 @03:52AM (#36352980)
Modern finance in a nutshell.
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Re:Reddit is removing moderators that protest by taking thei... by rwmj on Friday June 16, 2023 @04:02AM (#36353063)
Likely the only thing management care about is getting the IPO over the line so they can cash out and retire.
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Re:Reddit is removing moderators that protest by taking thei... by Kiro on Friday June 16, 2023 @04:34AM (#36353320)
What makes you so sure that you were right? The world is way more irrational than you think and their financial projections may still be accurate.
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Re:Reddit is removing moderators that protest by taking thei... by themoonisachees on Friday June 16, 2023 @05:51AM (#36353979)
Facebook was in a much better place when they went for IPO and they stock still fell by more than 50% on the first day. I can't see anyone that has google "reddit" since the last few days look at an IPO and go "ah yes, the website that went down from users leaving it, perfect".
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Re:Reddit is removing moderators that protest by taking thei... by baq on Friday June 16, 2023 @04:50PM (#36363656)
We’ll see! They may yet turn out to be TikTok after all.
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