Today, Explained Can Reddit survive going public?
18 snips
Mar 7, 2024 
Clare Duffy, a tech reporter for CNN Business, and John Herrman, a tech columnist at New York Magazine, dive into Reddit's significant journey toward its IPO. They discuss the passionate dynamics of Reddit’s user base and the protest from moderators over API changes, highlighting the emotional ties users have with the platform. The conversation also touches on the implications of monetization for user-shareholders and the challenge of balancing community identity with investor expectations. Will Reddit thrive in this evolving landscape?
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GameStop Stock Surge
- Reddit's influence is evident in the GameStop stock surge, driven by the WallStreetBets community.
- This incident highlighted the power of Reddit communities to impact financial markets.
Reddit's Originality
- Reddit stands as one of the original social networks, predating Twitter and existing alongside early Facebook and YouTube.
- Its unique structure of subreddits fosters dedicated communities, setting it apart from other platforms.
Reddit's Business Model
- Reddit's business model primarily relies on advertising, but the platform hasn't achieved profitability yet.
- While its sales grew in 2023, Reddit still operates at a loss, posing a challenge for its IPO.