If the market for initial public offerings recovers in the new year, one company that aims to go public early on is Reddit. An IPO will put the spotlight on the prospects for Reddit’s advertising business, which has fallen short of ambitious growth targetsoutlined by executives two years ago. ...
Since there’s a paywall, I can’t see the whole article but does this imply there was still positive ad growth and they just missed their goal or there was no or negative ad growth?
20% growth to $800M
How unfortunate