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Reddit files to list IPO on NYSE under the ticker RDDT
(www.cnbc.com)
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this post was submitted on 22 Feb 2024
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Reddit has never been profitable and I don't see a reason why it would change now all of a sudden.
It’s quite simple actually.
Only time will tell.
Don’t get it twisted I ain’t out here shilling for Reddit, just trying to take an objective look.
I strongly suspect trying to monetize their users to be profitable will necessarily make the user experience suck enough to drive people away. The only missing piece is a viable alternative, which will take some time but it will arrive. Maybe Bluestacks or whatever garbage will capture their users. I'm staying here, though. The pace could be a bit higher, but I don't really miss the tens of millions of users.
That said, I'll argue with myself and say I can't believe Twitter is still hanging on, but it's killing Musk to keep it on life support.
Objectively, Reddit is no different than slashdot, fark, digg, etc that came before it. If they fuck up the user experience, the users will move on.
The value in reddit is the user base. It's multiple times bigger than your examples.
In most conversations you'll still see people using it for niche communities. It's almost too big to fail
I think the fact that you say "still" is pretty telling. They're already pushing users away and making the experience worse and they don't even have investors chasing quarterly reports yet.
Niche communities tend to have few users though, and it doesn't take long for people to get organised, pack their shit and move to another platform