Comment by 93po

2 years ago

I wouldn't assume this would drop IPO price. If it winds up making reddit more profitable, that is.

I would estimate 10+% of reddit has deleted their accounts, but most importantly, that 10% skews significantly toward 'power user'. Quality of content is already dropping apparently.

Not all investors will recognize that nuance, but 'reddit in chaos' was national news.

  • > I would estimate 10+% of reddit has deleted their accounts

    You'd be wrong.

    • I'd be surprised if it was 1%, even if we filter to daily active users.

      Granted, 1% would still be a lot on this scale. So I'm not saying that as an insult.

    • OK, 10% of actually-active accounts. Reddit certainly has a huge number of zombie accounts - I think I have 3.