this post was submitted on 13 Jun 2023
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[–] Gestrid@lemmy.ca 5 points 1 year ago

Not to mention this will likely damage their attempt at an IPO later this year. Advertisers and potential stock owners won't want to deal with a company who can't "control" its users. It's too volatile. Stockholders want their revenue to always increase, but even potential for something like this after Reddit potentially goes public would cause Reddit's stock to go down.