Comment on Reddit seeks to launch IPO in March

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AlteredStateBlob@kbin.social ⁨11⁩ ⁨months⁩ ago

The second they're publicly traded layoffs will simply be part of the cycle regardless of stock performance. C-Level must be seen to do SOMETHING to generate profits, or at least try. Regulators suck hard at following up on anything, but you gotta play by the book to keep them from sniffing around.

I'm also fully expecting this to be a case of butchering the pig. Huffman and the other cunts in charge will sell of their shares, make millions and run it into the ground. Much less scrutiny if a publicly traded company evaporates due to bad stock performance than when a private company suddenly disintegrates and the C-Level runs away with all the cash. Blame it on the STONK crowd and you're literally golden.

I'm sure they'll try and make as much money on the way out as possible, but tinfoil: This is the start of the end with a certain degree of intent by those in charge of that fucking company.

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