this post was submitted on 18 Jun 2023
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But isn't reddit still a private company? They don't have shareholders in that case right? They WANT shareholders which is why they're pulling this b.s to appear profitable when they go public. I think this is just plain old greed.
Private companies can have shareholders too, it's just that the shares can't be sold on a public stock exchange. Reddit has a board and private shareholders, I think Conde Nast (or it's parent company) is one, and so is Tencent.