Resolves YES if in 2023 Reddit goes public, otherwise NO. Going public may include IPO, direct listing, SPAC, etc.
From a GQ article last month: https://www.gq-magazine.co.uk/lifestyle/article/steve-huffman-reddit-ceo-interview
>The sprightly 39-year-old is talking to us on a dreary London day, just a few weeks before he’s due to be married and hours before he’s jetting off to a blockchain conference in Paris – seemingly with the intention of shitposting as many crypto bros in-person as possible. Once that’s all done, Reddit is finally growing up and going public, just as Facebook (which was founded a year earlier in 2004) did way back in 2012. “We wanted to IPO the company last year, and the market has not been great,” he says.
Later:
>While an imminent IPO represents the culmination of this eight-year redemption arc, Huffman still hasn’t lost his edge, not least when it comes to TikTok.
@ByrneHobart Are there really any tangable reasons this wouldn't happen this year? Would expect to see this market higher
@ScipioFabius sorry to be on the other side of the trade, but the first rate cut is priced now in Nov this year. And we'll be going by then through a bunch of restructuring for companies that have too much debt.
Everybody is looking for Stripe or Bytedance to IPO and since the first one just raised a round, they can wait till H1 2024 for lower interest rates to permeate and sell high.
I can't see Reddit or FWIW a medium unicorn IPO this year, unless they are forced to raise capital. But the private markets for tech companies haven't puked like in 2001.
