Reddit’s stock market debut expected on Thursday has been a long time coming. The ad-supported home of over 100,000 forums first announced its intention to go public in December 2021. Over the course of the unusual years-long delay, Reddit revised its initial investor pitch 10 times, leaving a trail of edits that provide a look at the company’s past struggles, current vulnerabilities, and future ambitions.
The many drafts show how CEO Steve Huffman dialed back warnings that too much content moderation can be “autocratic,” and that he and other Reddit leaders culled priorities for the company as pandemic-fueled growth waned. Here are seven takeaways from a close reading of the
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