In the near term, $RDDT is going to the moon. In the long term, Reddit as a company will collapse

$Reddit (RDDT.US)$ What did we think of the Prospectus?

Obviously, the IPO launch is slated to occur tomorrow and every moron on this sub and beyond will buy in purely out of FOMO. This will drive the price up, and the Call option lobby will keep the imbecilic bag holders clenching for weeks to come. In the short term, the price will balloon beyond all fundamental sense, and management will work tirelessly to prove the stock isn't overvalued (it is and always will be).

Then the honeymoon will be over, and reddit will suffer the same fate as most other mainstream social media organizations. For starters, a brief once-over of their financials shows that Reddit has ran a massive deficit since inception and this will literally never change. Plus, you'll only get more censorship and heavy handed modding in order to make the platform more palatable to big-name advertisers. This pressure to scrutinize content will only chill content generation. Like it or not, people use sites like reddit to be exposed to a wilder, more unfiltered side of humanity. Pinterst and 4chan already exist, Reddit cannot pivot into something that will magically attract new users to the cite creating a miracle monetization regime.

The golden age of Reddit has passed, if it ever existed. This IPO and the billions floated to reddit by the underwriters will never be paid back in full, long term. The pressure by shareholders upon the board to manipulate Reddit to become profitable will slowly kill the site and leave content generation stagnant through heavy-handed censorship and moderation. The desperate attempt to cling to an overvalued market price will destroy the company from the top throughout the long term.