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Reddit Falls Short of Ad Growth Targets Ahead of Likely 2024 IPO
(www.theinformation.com)
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this post was submitted on 26 Dec 2023
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Falling short of growth means their going to take aggressive action.
This is typical traded-company bullshit. You have to reach quarterly projections. Even if you're in the black, if you don't reach the projection the shareholders will react accordingly.
So, to avoid missing their next quarter, they will enshittify to meet shareholder demands. And it may work, for a while. But it will continually drain their userbase to nothing.