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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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Nothing to celebrate.
Reddit revenue is still up, just not as much as they had hoped.
That's still enough to tank an IPO.
Yep, in the face of the infinite growth monster, anything other than exceeding expectations is seen as a failure
"We see here you're up 5%, but you were up 5% last year too, so you're dead now."
-Capitalism