Reddit hires its first chief financial officer as it prepares for an IPO

If/when Reddit IPOs I look forward to the shenanigans /r/wsb and friends will play. Given that reddit primary relies on the free labour of moderators, I can see co-ordinated mod strikes occurring with the purpose of hurting the share price as a way of making reddit hq pay attention.

I miss the reddit of 15 years ago. Such an exciting place. Can we recreate it?

Of course they won't mention how it's the most astroturfed platform on the internet with some of the worst communities.

Anyone have a recommendation for a reddit clone open source project?<p>Edit: an open source project where you can quickly roll out your own reddit style, link agg, site.

Will mods get stock options?

Reddit is no longer a place of free expression and community. The censorship and negative echo chambers there are out of control. Its only going to get worse. R&#x2F;wsb do your magic here..

I really hate what Reddit has become, so I will probably buy the IPO. That way if they are successful, I won&#x27;t feel as bad since at least I made money from it. And if they fail, I won&#x27;t feel bad about losing money since I get to see something ugly get destroyed.<p>Nothing in this post constitutes professional and&#x2F;or financial advice.

If Reddit successfully executes its plan [1] to expand its tokenized community points project to its whole site, I believe its market valuation could potentially rival the FAANGs&#x27;.<p>The market caps of the existing community tokens are as follows:<p>&#x2F;r&#x2F;EthTrader - $1.6 million <a href="https:&#x2F;&#x2F;www.coingecko.com&#x2F;en&#x2F;coins&#x2F;donut" rel="nofollow">https:&#x2F;&#x2F;www.coingecko.com&#x2F;en&#x2F;coins&#x2F;donut</a><p>&#x2F;r&#x2F;CryptoCurrency - $19.75 million <a href="https:&#x2F;&#x2F;www.coingecko.com&#x2F;en&#x2F;coins&#x2F;moon" rel="nofollow">https:&#x2F;&#x2F;www.coingecko.com&#x2F;en&#x2F;coins&#x2F;moon</a><p>&#x2F;r&#x2F;FortNiteBR - $5 million (based on expected issuance of 250 million BRICK tokens) <a href="https:&#x2F;&#x2F;www.coingecko.com&#x2F;en&#x2F;coins&#x2F;brick" rel="nofollow">https:&#x2F;&#x2F;www.coingecko.com&#x2F;en&#x2F;coins&#x2F;brick</a><p>[1] <a href="https:&#x2F;&#x2F;www.reddit.com&#x2F;r&#x2F;ethereum&#x2F;comments&#x2F;l6c3kx&#x2F;reddit_announces_partnership_with_the_ethereum&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.reddit.com&#x2F;r&#x2F;ethereum&#x2F;comments&#x2F;l6c3kx&#x2F;reddit_ann...</a>

Advertisers HATE unmoderated user-generated content. The UGC on Reddit is probably the most extreme for any mainstream website. How are they going to make money? No advertisers will touch them in the current state.

Great. I like reddit.

<a href="https:&#x2F;&#x2F;archive.is&#x2F;CUSnI" rel="nofollow">https:&#x2F;&#x2F;archive.is&#x2F;CUSnI</a>

Anyone have a good run-down of how Reddit makes money? (Or does it?)

A company that is nowhere near being profitable (on top of virtually no cash flow) is going public?

I recommend shorting it. Reddit today is an absolute ghetto compared to 5 years ago. All of the interesting content and free thinking users have been banned.