Reddit seeks to launch IPO in March
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Need to look up options on shorting this shit.
I wonder if investors realize Reddit is yesterday's forum. Both yes and no seem possible to me.
Reddit still has a lot of traffic, and I think it can be a reliable cash cow for anyone that takes it over. It's still overall the best place for many hobbyist forums. Heavily censored, it seems like a safe enough place to park your ads. People can always come up with "outrage" screenshots, but I don't see any actual negative impacts on advertisers that appear amongst reddit feeds.
But I think long term, it's downhill, and they don't seem to be doing a lot to prevent that. I wouldn't call it innovative. The have made changes to try to pump their IPO, no doubt, but I don't see anything genuinely aimed at attracting more users. It was probably more important to sanitize for advertisers. They have a lot of users already.
The biggest evidence Reddit is Yesterday is that the kids are already onto better things: TikTok, Instagram, and Discord. Those kids aren't likely to "age in" to reddit. They're likely to keep their attentions with the platforms they're comfortable with.
I wonder if investors realize its a site for groomers and children to meet : Ghislaine Maxwell/Audrey Hale and many other kids were radicalized by the groomers on reddit :
https://old.reddit.com/user/worthless319 - cut off his penis in a DIY transition
I wonder if investors know that mods/admins posted child p**n to get conservatives subreddits banned.
I don't think investors give a shit unless a) it makes the news or b) it impacts revenue. Reddit has been avoiding the news by going on a massive censorship binge for years now.
True -
investors used to invest in marijuana businesses.
Obama rolled out his 'operation chokepoint' to crush funds related to that industry (despite it being legal at the state level).
We need conservatives who will use these same powers. Because communists using CP and grooming children into genital mutilation is worse than smoking marijuana.