How is Reddit as an employer now? (Considering applying)
What I know/have read:
$10B valuation based on $700K funding by Fidelity in Aug
$15B potential target valuation at IPO, Snap IPO CFO hired. But when is IPO predicted?
Ad revenue potential weak because of two arguments usually:
- Anonymity prevents targeted ads
- Reddit users are least likely to convert
, but ads revenue has been growing YoY (what's causing the increase if the above two are true?)
No other major revenue streams now or in near future. (there's "on-platform" money but does it qualify as major?)
Is any of this incorrect, has changed or is about to take a new direction? Anything else I am missing?
#reddit #softwareengineer #tech
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comments
I love Reddit and wouldn’t work anywhere else :)
Ads can still be targeted based on subreddits. And video ads are a big thing, seeing many live streams, Reddit can easily extend to support a video platform which will increase the ad revenue by multiple folds