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Reddit Migration@kbin.social – 205 points – reddit.com
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Reddit Migration@kbin.social – 205 points – Reddit Migration@kbin.social – 205 points –
Everyone else got a sweet IPO cash out during covid, now he wants his millions too
He waited too long. Reddit was probably booming then. He should have ridden that high into an IPO and started the process in mid/late-2020 once WFH started taking off.
IIRC they started trying right when IPOs were hot and couldn't finalize the backing before the bubble popped
And he sold reddit when it had 75000 users.
THEN came back not as owner but CEO.