this post was submitted on 30 Jun 2023
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I doubt spez cares about reddit. He cares about money. If he has to throw the site under a bus to make some more money he will gladly do it
If investors have any memory at all though, they aren’t going to give him tons of money, because he triggered the Reddit collapse before he sold out.
The Online Ad Game is not a long one. It's about getting people to show up to your site when the ad is shown. No one is paying Reddit to grow brand recognition.
IPOs are all pump and dumps. No exceptions.