[dvngnt_]

buying stock makes little sense when an avg user is many times less valuable than IG or tiktok.

they're already struggling with worse service on the way.

at least Google and meta have world-class programmers. what's reddit's moat?

[Freebytes]

The only moat Reddit has is the critical mass of users. Numerous clones exist (such as Hacker News), and a new minimum viable product could be built in a couple of weeks. But once you have the users, it is pretty easy to keep them... unless you make them turn against you.