this post was submitted on 11 Jun 2023
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Weeeeeeellllllll, there are a lot of former Reddit users here so you won't miss too much, I think!
Reddit's not what it once was, and won't be ever again if they continue towards IPO even if they walk back some or all of the proposed changes. I might visit occasionally to check up on things, but by-and-large I'm done with it.
I wonder if there will be a massive short of Reddit's stock, like what happened with GME.
If reddit does IPO I 100% for sure am buying puts. Only enough to the point if I lose the money it wont hurt me but enough money that if reddit tanks I can make a decent chunk if change.
Once the consequences sink in for ruining Reddit's engagement to get a better valuation, the stock price will tumble. I think it's a terrific opportunity for some puts.
I think it'll go up at first because they'll convince people all the whiners are 'just' superusers that make up 2% of the site, then tank when they realize that 2% is 50% of content and moderation.