this post was submitted on 12 Mar 2024
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Not a smart move, right before the IPO. And what was this 'warning' about?
Really? I think the opposite. He said this in a profoundly stupid way, but what he is saying is that reddit is still the largest collection of human generated content. And not just the sanitized stuff you post on Facebook or LinkedIn, but your actual political opinions, your fears, your hobbies, the totally real secrets you posted to the weekly "What is your darkest secret" AskReddit post, your porn preferences, etc. And that is likely very valuable.
He'd have a very difficult time proving any of it is authentic.
Proving all of it is authentic would be difficult, but I don't think that is necessary. It isn't really disputed that reddit is the largest repository of human generated content currently. It was one of the reasons the whole reddit protest thing was even as big as it was, because when the reddit results left Google, searching for real information from people became a lot harder
Maybe he wants Investors to think that his site will be really good for targeted ads.
Which is kind of surprising after his incredible string of extremely smart moves over the past several years... /s