this post was submitted on 18 Jun 2023
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Reddit Migration
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I cannot find it now but I recall reading recently (during the start of the blackout) how spez thought reddit wasn't so good, and wanted to sell out while he still had a chance. So that's how reddit got sold to Condo Naste or Advanced Publications or whoever owns reddit now.
Then spez latter regretted it seeing reddit's value go up. So this IPO is his second change to get that payout.
I think spez is in control here, and these are his wishes. But yeah, leaving soon after IPO isn't unlikely - spez would have gotten his payout by then, so, yeah.