The percentage of views from third-party clients is single-digit, but it's likely a significantly above-average percentage of those are power users who generate

The percentage of views from third-party clients is single-digit, but it's likely a significantly above-average percentage of those are power users who generate content, moderate subreddits, or both. This suggests to me that management is not interested in making it a long-term sustainable business after the IPO, but in a short-term cash grab.