I was wondering if what reddit did was on purpose to lower their pre-IPO valuation so insiders could get a better price before it goes public. After the IPO they entice people back with reasonable API policy and then they can demonstrate huge user growth to boost stock price… Nobody working with investors on preparing for an IPO is going to do something this stupid without major pushback from the investor advisors.
They destroyed trust. It will take a lot of work and time to get that trust back. If that’s their strategy, their investors need to be in it for quite a long haul!
I was wondering if what reddit did was on purpose to lower their pre-IPO valuation so insiders could get a better price before it goes public. After the IPO they entice people back with reasonable API policy and then they can demonstrate huge user growth to boost stock price… Nobody working with investors on preparing for an IPO is going to do something this stupid without major pushback from the investor advisors.
Watch this space…
If that’s the strategy, is the loss of trust really worth it? How would they entice users back when all the 3rd party apps has shut down?
They destroyed trust. It will take a lot of work and time to get that trust back. If that’s their strategy, their investors need to be in it for quite a long haul!
You’re making the mistake of thinking that people who care about what the admins did are the majority of reddit users.
I’d give it a month, maybe 6 weeks, until everything is back to normal.