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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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They weren't a corporation from the get-go though? They were a Y-Combinator project that became successful, and were eventually bought by Conde Nast (when the "sell-out" began, btw).
I think profit was always the end goal, except for Aaron Swartz. They might not have been incorporated but the intent always seemed like profit.