this post was submitted on 30 Jun 2023
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I read before all this started reddit was valued around $10 billion.
Now it's already down to $5.5 billion.
These are estimates, since reddit hasn't gone public yet, there is no official market value.
Still I'm guessing that next week it will be valued even lower. Tomorrow is when the real shit hits the fan.
I would have thought that most people who didn't want to use Reddit anymore have probably already stopped using it.
But yes I hope to see more bad news for Reddit such as this diminished valuation.
I’m not expecting people to leave in droves, but I imagine that as the quality of content, moderation, and overall tone declines a lot of people will gradually lose interest and stop visiting.