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Reddit’s IPO Filing Shows Lots Of Losses After Nearly 20 Years
(www.forbes.com)
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this post was submitted on 28 Feb 2024
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Remember when they killed API access claiming it cost the 10s of millions each year? Turns out they could have just not spent so much on reddit avatars and we'd all still be there today.
They could have just paid the CEO a little less to cover it too. It was just greed so they could sell the data at a pittance, even though the cat is already out of the bag.