this post was submitted on 27 Jun 2023
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Reddit Migration

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[–] [email protected] 3 points 1 year ago (1 children)

It doesn't have to die all of a sudden; once it becomes obvious that it's peaked, nobody will be willing to underwrite them losing money anymore and they'll go through progressive rounds of layoffs and shittier monetization strategies until there's nobody left.

[–] [email protected] 3 points 1 year ago* (last edited 1 year ago)

That I can see. Will be interesting to see how much of a hit to their IPO this was.