If those numbers are to be believed, it ruined any chance of their IPO for a couple of years. It's hard to sweep 'we lost 20%+ MAUs because of a policy change' under the rug when users/impressions are the lifeblood of a social media site
I’d wager the interest rate hikes and increasing conservative decision making around acquisitions has a greater impact on pushing back the IPO.
Reddit killed off almost every third party app and had half of the site shut down for a few days, but still came out ahead with a site that’s still very active and with the bonus of pruning unpaid mods who would’ve been likely to disrupt the site again.
Reddit’s only realistic time to IPO was mid-pandemic.
