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Reddit Falls Short of Ad Growth Targets Ahead of Likely 2024 IPO (www.theinformation.com)

submitted 11 months ago by return2ozma@lemmy.world to c/technology@lemmy.world

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[–] prole@sh.itjust.works 2 points 11 months ago* (last edited 11 months ago) (1 children)

They weren't a corporation from the get-go though? They were a Y-Combonator project that became successful, and were eventually bought by Conde Nast (when the "sell-out" began, btw).

[–] laverabe@lemmy.world 2 points 11 months ago

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.