[brownfox]

Reddit's ideal scenario would involve its users migrating to other platforms while preserving its archived content.

Its community was once thriving, but the mismanagement ruined it.

Despite reportedly having thousands of employees, Reddit's excessive hiring and ambitious expansion led to wasteful spending.

A platform with basic features like Reddit could easily be maintained by a team of fewer than 100 staff members and generate revenue through Google Ads.

[willis936]

I am certain that is not the narrative reddit is selling to potential investors because that is a narrative that does not maximize profit.