Reddit seeks to hire advisers for U.S. IPO – sources
I clearly have no idea what is going on or how business works because the only question plaguing my mind is how on earth reddit manages to be valued at $10B. Does low-key shilling and banner ads really make that much money? I know it doesn&#x27;t work this way but they&#x27;d have to collect $192 from their 52M daily users to earn that kind of cash. Honestly I got the impression reddit stopped being cool like 5 years ago and other than this year&#x27;s entertaining stock market shenanigans it&#x27;s largely a novelty. Even when I was using it I could hardly imagine my eyes were worth $192 to anybody. Not to mention last time I looked at reddit the incel and children under 18 vibes were intense. What do I know? FB somehow manages to be relevant. Am I missing something or are we just printing monopoly money based on increasingly loose pretexts nowadays? Do you even need a business model to make money anymore, or is it all based on speculative user counts and growth?