• BakerBagel@midwest.social
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    15 hours ago

    I understand that Reddit has value to an individual or small board that can control what is posted to reddit. What i am saying is that Reddit’s value is entirely in soft power and has no actual path to profitablity. If i am Condé Nast then i can benefit from owning reddit. But Reddit will never pay a dividend, so buying stock in the company is worthless unless you are convinced that some idiot will pay more for it down the road.

      • BakerBagel@midwest.social
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        1 hour ago

        I agree. But propaganda tools typically aren’t publicly traded because they are a venture that requires a lot of expenses but being it little cash value, which is the entire point of the stock market.