Reddit's already dead. There is no more growth to be had. Reddit's about group social construction. Not about objectivity or truthyness, but about constructing and constant negotiation of norms. You construct your own Reddit, groups construct themselves. A varied Redditness emerges through spilling between groups.<p>Groups face tipping points and runaway effects, especially when agency, or perception of agency, is stripped. Reddit imposed moderators will in many cases lack sufficient objective knowledge to operate niches and pander to remaining niche subject experts with varying results, while in all cases seek to impose an objective, uniform with permissible variation, normative imagination of Redditness, one they themselves lack the agency, sufficient potential to constantly generate chaos, to change.<p>The only value in Reddit now is a rundown of selling to the community, I pull 4 years from a magical had, selling the communities, then strip asset the intellectual property they claim. Any investor would be mad to think of Reddit as anything but a distressed asset investment.