this post was submitted on 20 Jun 2023
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ELI5

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Explain it to me like I am 5. Everybody should know what this is about.

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Why did so many subreddits go private?

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[โ€“] [email protected] 3 points 1 year ago (1 children)

i heard that they do this to overvalue their company since they will go public soon, is that true?

[โ€“] JohnDClay 4 points 1 year ago

They are going public soon, but it seems doubtful whether this uncertainty will end up increasing their valuation