L4sBotFeb 24, 2024

A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock.

https://lemmy.world/post/12355029

A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock. - Lemmy.World

A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock.::Reddit seems like a likely candidate for a meme stock. But the actual reaction suggests that r/WallStreetBets isn’t going to send the stock to the moon.

Show threadjayboneFeb 25, 2024

I don’t get why, if these people hate Reddit so much and they want the IPO to fail, why are they still using the platform?

Once people get burned with that stock purchase email, they are going to have even more pissed off users.

Show threadGhostFence
Reddit has a near-monopoly on forum communities. It is ranked 16 on similarweb and no other competitor comes even close in terms of community size. It’s like Facebook in its dominance.
Feb 25, 2024 at 6:59amWeb
Show threadSkippingRelaxFeb 25, 2024

Is it though? Everyone I know aged 20 to 85 i on Facebook, some more active than others. I think I know 3 people irl that use reddit. Mind you I’m not in the US, where is more prevalent but most people I know have barely heard of reddit.

Sure, it has near monopoly on forum communities but that’s a tiny niche on the internet

Show threadghterveFeb 25, 2024
Your first sentence suggests you’re disagreeing, but nothing you said after that is incompatible with anything op said.
Show threadSkippingRelaxFeb 26, 2024
They are saying it’s like Facebook in its dominance, I’m saying it’s not like Facebook, clearer now or you want me to come over with a whiteboard?
Show threadfossilesqueFeb 25, 2024
Most normal people don’t admit to using Reddit, and it is not a platform you use to connect with friends in real life. Facebook has a different use case entirely.
Show threadSkippingRelaxFeb 26, 2024

Fair enough, still feels like we are comparing nestle with your city’s local chain of 7 minimarkets, sure I might have a few more acquaintances that use reddit but that is not 100% of them. I did a quick search from my phone, hope the sites is reliable and that I didn’t fuck up anything

According to this reddit had just under 75 million daily active users in q3 2023 statista.com/…/reddit-quarterly-dau-by-region/

In the same q, Facebook had www.statista.com/…/facebook-global-dau/ 2110

So reddit need to grow another two orders of magnitude for op statement that it is comparable to fb in its dominance.

I get it, we have all spent too much time on reddit for years and feel like that’s basically the whole of the internet but we are biased, there is a whole majority of people out there that don’t even know that exists

Reddit Inc. quarterly DAU by region 2023 | Statista

During the fourth quarter of 2023, Reddit saw approximately 36.4 million daily active users (DAU) in the United States.

Statista