Reddit Inc. is weighing feedback from early meetings with potential investors in its initial public offering that it should consider a valuation of at least $5 billion, according to people familiar with the matter, even as it is estimated below that figure in the volatile market for shares of private companies.
watch the reddit ipo be a catalyst for a stock market crash.
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The difficult thing is gaining users, not writing the code.
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I don’t think the number of bots matters much, there are much more real people on Twitter than on Mastodon. It’s not an issue for Twitter because they already are the platform where everyone else is. I’m optimistic about Mastodon, it already has the better UX and the better business model and I think it will slowly attract more users over time and eventually reach the relevance that Twitter had at its peak.
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It’s hard to tell how much a platform is worth, arguably the value of Twitter was 44B, since someone was willing to pay that.
The good news is, if you’re really certain that Reddit is overvalued, you’ll soon be able to short it and get rich if you end up being right!
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I think it’s reasonable to not short stocks. I just find it a bit weird to see people confidently proclaim that a company is overvalued, but than not shorting the stock, which would be the rational thing to do.
Imagine reddit causing The Great Depression 2.
“They really spezzed up the economy.”