this post was submitted on 07 Jan 2024
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.
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Well YouTube is worth far more than even this valuation, so that tracks. There have been many competing services (like the one we're on, and Voat) but none of them have put a dent in Reddit's ability to serve ads to a huge number of eyeballs. I wouldn't invest in it but to suggest it's valueless because they don't own their servers is a stretch.