"Reddit's IPO Drama: From Friendship Fallout to Redditor Resentment"

Reddit's upcoming IPO has brought to light the strained relationship between cofounders Alexis Ohanian and current CEO Steve Huffman, with Ohanian being excluded from the company's IPO filing. The rift between the two stemmed from disagreements over handling offensive comments on the platform, ultimately leading to Ohanian's resignation from the board in protest of Reddit's lax guidelines about hate speech. Despite not being mentioned in the filing, Ohanian still stands to make money from the IPO due to his shares from when he served as executive chairman in 2014. Reddit's filings indicate the company's growth but continued unprofitability, with a projected $5 billion valuation and revenue of $804 million in 2023.