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I don’t think Google has any incentive to buy Reddit. Financially, Reddit is nearing IPO, which means it’s being sold at a short term peak valuation during a ti
by rytheturtle 3y ago
I don’t think Google has any incentive to buy Reddit. Financially, Reddit is nearing IPO, which means it’s being sold at a short term peak valuation during a time where they need to raise capital.
From an operational standpoint, Reddit sparked the outrage over measures they’re taking to (theoretically) start turning g a profit. Google profits will be very unlikely to have noticeable decline from a temporary protest over Reddit increasing API fees. So I don’t think there’s much business sense in Google investing in Reddit compared to other avenues that would more directly affect their bottom line.