I’d wager the interest rate hikes and increasing conservative decision making around acquisitions has a greater impact on pushing back the IPO.

Reddit killed off almost every third party app and had half of the site shut down for a few days, but still came out ahead with a site that’s still very active and with the bonus of pruning unpaid mods who would’ve been likely to disrupt the site again.

Reddit’s only realistic time to IPO was mid-pandemic.