this post was submitted on 12 Jul 2023
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I have a feeling that whatever disappointment the current owners and execs of Reddit have with the IPO will be eclipsed by the disappointment of the people who buy the shares. I don't think Reddit was worth anywhere close to the valuations two months ago and I'd be surprised if it's still worth half of its true value two months ago.
But then again, it has close to zero value to me at the moment (it varies which side of zero it's on based on my mood).