I'll wait and see if this thing has any real substance before I decide to join the party.
While user engagement is high, $Reddit(RDDT)$ 's ability to translate this into sustained profitability through advertising or other means remains unproven. Increased commercialization could negatively impact user experience.
The sheer number of underwriters for the IPO ( $Goldman Sachs(GS)$ , $JPMorgan Chase(JPM)$ , etc.) suggests a potentially overvalued offering, with a higher risk of post-IPO price correction.
A decision to invest in Reddit requires careful consideration of its inherent risks associated with a pre-IPO offering. Extensive due diligence is crucial.
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