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Reddit is testing verification labels for brands
(www.engadget.com)
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this post was submitted on 28 Jul 2023
225 points (89.8% liked)
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The only way I can believe Reddit is this stupid is if investors are holding a gun to their head and demand profitability.
If they weren't before, they would be after an IPO.
What are they raising capital for?
Why IPO without an expansion into new markets that requires funding?
There is no growth on the horizon for reddit that justifys overpaying for ownership at IPO prices.