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this post was submitted on 28 Mar 2025
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Reddit seems like the worst company to invest in. The only thing they have of value is content created by other people in the past.
It’s not like the other social media platforms where people get trapped there for various reasons. Companies stay on Twitter, for instance, because they have followers and marketing that depends on it. I stay on instagram cause my wife and kids share things as well as organizations.
There was nothing keeping me on Reddit outside of the content. I don’t need to be on Reddit to get that content. And enough people have left Reddit and started building that content on Lemmy.
This works great for YouTube, but Google is arguably the biggest ad company in the world. Just because an ad company with a sideline in user-generated content can make it work doesn't mean that a user-generated content company trying to figure out advertising can make it work.
Not if used as a propaganda tool, much like rmFB, YouTube,,etc