this post was submitted on 11 Jun 2023
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The more I look at this mess, the more I see elements of speedrunning. Reddit is really trying very hard to loose as many users as possible as fast as possible. It’s as if there’s a competition between Reddit and Twitter.
It seems to me that they are telling the investors that they might shrink but what is left will be on a much more profitable basis moving forward.
Maybe they're trying to get a poor valuation so they can reverse course afterward and get a boost.