Anyway, I believe what you’re describing was coined as “eternal summer” many many years ago.

The same phenomenon was coined on Usenet many years before 4chan.

https://en.wikipedia.org/wiki/Eternal_September

And the IPO itself is a bad sign no matter who’s in charge. It means the company will be shareholder-driven, and so aiming for maximum profit (or just straight up not operating at a loss to start with). Line must always go up, so when things start to stagnate, or they reach saturation, more and more bold anti-consumer decisions will be made to extract higher profits. See Netflix and their crackdown on password-sharing.

It may not happen straight away, but it will eventually.