Reddit chooses New York Stock Exchange for long-stalled IPO

IPO = Exit liquidity

This. It is so obvious that it literally causes me pain. Investors want their money back and their payout and the retail investors will be left holding the bag.

and might even get better

I honestly doubt it. I don't think it is possible for reddit to be profitable in anything like its current form.

Twitter, before the EM implosion, had managed one profitable year in the last decade.

Reddit has about 2 orders of magnitude less users than twitter.

Those users are much less attractive to advertisers because reddit knows fuck all about them compared to twitter.

Reddit surfed through the years of cheap vc money but going public could kill it.