Reddit Inc. is weighing feedback from early meetings with potential investors in its initial public offering that it should consider a valuation of at least $5 billion, according to people familiar with the matter, even as it is estimated below that figure in the volatile market for shares of private companies.
Archived link, for those who are paywalled.
Everyone who wanted out is already out. Current mods have fallen for the narrative or have been installed by reddit.
I think that more people will want to leave, as the IPO progresses. Including mods.
My main concern is that won’t be fast enough to punish Reddit Inc.