On: Did Reddit just destroy mobile browser access?

[sclarisse]

The key point in that is that many IPO buyers are willing to believe in imaginary revenue that will never be extracted. Extracting revenue as a goal in and of itself uses a different playbook than IPOing.

[itronitron → sclarisse]

Yeah, IPO (or VC) capital at this point is a Pavlov's dog trained to expect riches from every additional bit of private information in the data feed.