Causality might run the other direction in this case. The article says the date of that -41% valuation was April 28. So what I wonder is whether the upcoming changes are a sort of desperation move by reddit to shore up the bottom line. Not that I expect it to work.
I wonder if this has anything to do with the api debacle.
It does feel a little early to be from that situation, which could mean future investors pulling funds if there’s significant backlash.
Causality might run the other direction in this case. The article says the date of that -41% valuation was April 28. So what I wonder is whether the upcoming changes are a sort of desperation move by reddit to shore up the bottom line. Not that I expect it to work.