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.
Not a smart move, right before the IPO. And what was this ‘warning’ about?
Maybe he wants Investors to think that his site will be really good for targeted ads.
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.
Which is kind of surprising after his incredible string of extremely smart moves over the past several years… /s