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by minimaxir 850 days ago
The milestone timeline is oddly underwhelming. Both it and the letter from Steve Huffman emphasize the /r/WallStreetBets frenzy as evidence of Reddit popularity, which is ironic because a) it died out as quickly as it rose, as noted in Risk Factors and b) reminding the SEC that your platform was used for market manipulation in your S-1 is kinda funny.

Funniest line:

> Revenue from Reddit Gold and Collectible Avatars was not material for the years ended December 31, 2022 and 2023.

1 comments

I saw WSB hit 60,000 concurrent users watching the Nvidia earnings yesterday
Huh, I just checked now and WSB does have more CCUs than I expected. (WSB has 38.0k CCUs, /r/pics has 36.3k CCUs)

That makes zero intuitive sense.

WSB has more actual discussion, while people mostly see /r/pics on their feed (because it's a default subreddit) or scroll through really quickly (because it's easily-consumable content).
Those numbers are inflated. I modded a smaller sub than WSB (still in the millions), went private during the API protests, and it consistently showed hundreds of CCUs when I was tooling with the sub.