this post was submitted on 19 Oct 2023
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Not yet, don't think they were expecting the revolt they ended up with. Investors aren't going to be too excited to buy an IPO whose consumers are that upset when they try to monetize their platform.
I’m a bit surprised to hear that. I don’t visit there anymore and only get my Reddit news from the occasional Reddit bashing post here.
And from those posts, there are a lot of people saying the protests don’t do shit.
If they are still waiting on this IPO so many months later, then clearly they made a boo boo lol.
I wouldn't say that it worked, more that it did some damage. They are still going to go public, which means it's going to eventually be fully monetized. This just did some damage to their quarterly, which is still a win in my book.