It's worth what the market deems it's worth, if the SEC doesn't keep dipping their hands in the market and halting trading, Reddit would have a chance to bid up

It's worth what the market deems it's worth, if the SEC doesn't keep dipping their hands in the market and halting trading, Reddit would have a chance to bid up the stock to some nonzero value. It's not like the valuations of any other tech stock are based on fundamentals either.