Reddit

“I think one of the interesting things this morning was that the somebody did an analysis that Google search results are meaningfully worse off today because of the Reddit stuff going on.”

“I would actually invest in this IPO. Like it's just, it makes, it's a slam dunk.”

“And my sense is honestly that the fact that Twitter hasn't been able to means the answer is probably no.”

“Only marginal companies will go public in the next several months, and only if they have to. And Reddit might be one of those marginal companies. And maybe Klarna is.”

“Niche is the new mass. So people are absolutely wanting to be in more highly curated experiences that map to those groups that they found on Reddit.”

“I'm not surprised that Reddit's going out at the valuation they're going out at, because I see it play out in real life in a way that's absolutely skyrocketing.”

“I actually, I'd much rather own, as I guess I do, a little bit of Reddit than Instacart for a thousand reasons. It's a much easier business.”

“When you say, how are you going to make billions of dollars, which is all that matters to a company that's a six billion dollar company trying to grow, it is not going to be selling small data streams.”

“Reddit's sitting at a 9.1 billion dollar market cap today. You know, I need to go look at what the, what their revenue looks like, but I mean, their revenue is somewhere in the ballpark of half a billion dollars, right? Yeah. And meanwhile, truth social is als…”

“So I do think we're probably going to see a few more companies try to get out over the next month or two, especially before summertime.”

“When we went public, we were literally, if I remember right, we were like, this is one of the greatest under monetized internet assets.”

“I think Reddit is mostly to blame for this because there's so much content on Reddit. That's not valid. Google's clearly ingested this. And use the content to train its model. And like, that's, this is where a lot of these crazy answers are coming from.”

“Most humans don't actually have much knowledge to share. They're just bullshitting, right, for attention.”

“Large LLMs will belong to the large players, players who can run on train on very large clusters, people who can pay for proprietary content, whether it's with Reddit or somebody else.”

“If you work in the tech business, if you're a technologist, it's where the conversation is. And so it's not on threads. It's not on Reddit. Like it's definitely not in Facebook group. Where else would you go? It's the only place that you can go. To have that c…”