this post was submitted on 24 Jul 2023
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People keep talking about this, but the number of new accounts even if they are bots, probably look great for reddit's IPO.
This is all in pursuit of that all mighty dollar. This was not a random surprise at all.
I think they're allowing new accounts a week of age, compared to a year in the past iterations. It all about boosting those engagement numbers.
@TeamAssimilation Last time they allowed brand new accounts to engage, I don't remember if they did in 2017 or not.
@awesome_person @Kinglink
Build up even more for the next one too...
There's a sucker born every minute but I personally don't think this is a sign that anyone should buy their stock
For sure, they have a serious problem with how to monetize their user base, but if someone asks "Well after the exodus"... they'll just turn around and say "At the end of July we had the most user ever interacting with our system, our future is healthy.
Honestly, reddit is going to become a more decrepit place over the next five years, especially with this IPO. It's turning point hasn't happened yet, but it's definitely starting to move towards it.
As long as they don't ask "Who is this Spez character?" which... idk maybe they won't even look