Re:An account is now required to read Reddit comment threads?
by Deimorz on Saturday December 14, 2019 @02:38AM
(#21788327)
You've missed two more investment rounds. They raised $500M more after that one:
$200M in July 2017: https://www.vox.com/2017/7/31/16037126/reddit-funding-200-mi...
$300M in February 2019: https://techcrunch.com/2019/02/11/reddit-300-million/
Reddit was once a community, but now it's an attempt to monetize its users - nothing more, nothing less. It's clearly already dying to anybody that isn't inside the echo chamber. It moved away from value creation years ago and is clearly in the death grip of value extraction.
I suspect it actually has a lot to do with their latest investment round 5 years ago, but this is purely speculation on my part.
https://venturebeat.com/2014/09/30/y-combinator-backers-upvo...