Reddit has a lack of machine learning and infra investment to justify any sort of high IPO price, so their management hired ex Meta and Twitter employees and trying to figure out how to make more of what they have so they can go back to Wall Street with a stronger message during these stricter economic times where money is not raining from the sky like a few years ago. If Wall Street was smart they would wonder why invest in a platform that has barely evolved the format of discussion from threads and message board posts even though they had 18 years to do it. They should also consider the fact that conditions are ripe for disruption. Overall investing in Reddit right now as both an investor and a user seems very dangerous.