Reddit’s prospectus for its initial public offering finally dropped on Thursday, complete with the customary list of “risk factors” that the company thinks could give it headaches in the years ahead as a public company. At 40,000 words, it’s longer than Facebook’s and Twitter’s risk factor statements combined at the time of their listings.

As with IPOs past, many of them are boilerplate. An earthquake would be bad for Reddit’s business, for instance, particularly if it happens to occur within shaking distance of the company’s San Francisco headquarters. Also, the company faces many external threats common among several companes, such as losing the traffic it gets from Google, a collapse in the online advertising economy or the threat of World War III. All standard stuff.

QOSHE - Reddit’s Biggest Risk Is Its Reliance on Unpredictable Users - Dave Lee
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Reddit’s Biggest Risk Is Its Reliance on Unpredictable Users

6 2
23.02.2024

Reddit’s prospectus for its initial public offering finally dropped on Thursday, complete with the customary list of “risk factors” that the company thinks could give it headaches in........

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