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.
Maybe they're trying to get a poor valuation so they can reverse course afterward and get a boost.
go cry to the government and VC to get some subsidy
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.