this post was submitted on 27 Jun 2023
208 points (100.0% liked)
Reddit Migration
33 readers
1 users here now
### About Community Tracking and helping #redditmigration to Kbin and the Fediverse. Say hello to the decentralized and open future. To see latest reeddit blackout info, see here: https://reddark.untone.uk/
founded 1 year ago
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.