I agree with the first bit and the last bit. The bit that makes no sense to me is that their value should be predicated on them making at least that much in either profits or some kind of exit.
Since almost all attempts to really monetize Reddit in the past have failed because of massive backlash from the users I wonder what the plan is. There has to be some kind of major change to either Reddit or to the audience to warrant the valuation.
Since almost all attempts to really monetize Reddit in the past have failed because of massive backlash from the users I wonder what the plan is. There has to be some kind of major change to either Reddit or to the audience to warrant the valuation.