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PaperclipPerfector  2mo ago (text post)   2292 thread views

Small-Scale Question Sunday for March 3, 2024

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

Culture war topics are accepted, and proposals for a better intro post are appreciated.

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What do you guys think about the reddit IPO from an investor's perspective?

Not seeing any good analysis about it on Reddit, but I'm sure there's really a ton of analysis to be had. They're not currently profitable, and the path to profitability isn't entirely clear from what I've read. All the investing subs are generally pessimistic but their reasoning mostly boils down to "reddit bad". I'm sympathetic to that take, I would also agree that the quality of reddit on aggregate has been going down (exacerbated around 2016ish IMO), but that doesn't mean it can't be profitable. Plenty of unprofitable companies IPO and end up profitable down the road.

I'm a boring low-cost index fund kind of guy so I'm staying away from it either way. I just haven't seen any real justification for why someone should or shouldn't buy besides vibes.

I'm generally bearish on almost all social media sites being able to be profitable. Google and Facebook make most of their money from being the people who control the ads, not just present the ads. Reddit, Twitter, Tumblr, and all the other even more niche social platforms like Strava, Snapchat, Discord, etc. I don't think have a chance at earning much money.

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