this post was submitted on 30 Jun 2023
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The Hail Mary was a pipe dream. Reddit wants to go public. From what I understand, the valuation has been slashed (I’m not sure why but I don’t think it’s the API fiasco) so that offering could be pushed back a bit? Reuters reported that reddit was aiming for 2nd half of this year.
The NSFW subreddit piece is the thing to watch. I think it’s a lynchpin to mass migration. ??
I'm just surprised the 3rd party app developers didn't start making apps for the fediverse earlier, since they've known about this for a month - I can't help but think they were also hoping that reddit would cave at the last minute.
Very curious to see where the NSFW subs go, too.