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Fidelity has cut Reddit valuation by 41% since 2021 investment
submitted 10 months ago by SoCo from techcrunch.com
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[–]Mr9to5 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 1 fun4 insightful - 2 fun - 10 months ago (0 children)
I was surprised to be reminded yesterday that Reddit wants an IPO. At this point, it’s basically woke urban liberal Yahoo Answers, with pictures and porn. The magic, if you even want to call the old crap that, is long gone.
I was thinking today that even ChatGPT in some ways displaces it - as useless as ChatGPT is in many ways, it won’t instantly delete your more mundane questions for “violating tEh rules” or reply with snarky gatekeeping. Since normal human beings only use Reddit for ELI5 style questions, that’s a serious shift.
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[–]Mr9to5 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 1 fun4 insightful - 2 fun - (0 children)