Last valuation was at 10b$ which is ridiculous for a website that can literally get its most popular subreddits shutdown arbitrarily whenever a small group of extremely online volunteer mods decide to "go on strike" by locking the subs because they don't like something/someone else on the website.
It happened before and the admins yielded to them so I don't see why it wouldn't happen again, especially since it's not like they can run the website without that weird cabal of (mostly delusional/psychotic) power mods doing their work for free.
I have a story about this - and its worse than just mods -- Admins intervene and set narrative on for whom is allowed to mod and make mod decisions...
I wont reveal the details - but I have seen Admins literally come in and fuck up Mod orders because (my suspicion) is that the Admins have MANY accounts that /appear/ as mods - but are actually Admin shill accounts...
I had this happen to me first hand and I was appalled.
Reddit's ethics are absolute garbage in this regard.
Are they still under them?
regardless, what is reddit's current value? (I've been on reddit for 15 years - but I have recently deleted my accounts due to censorship and ban-hammering for the most ridiculous reasons.)
I have long been surprised they havent been acquired .. I assume for sure they have had plenty of offerss in the past