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What Next | Daily News and Analysis

TBD | Reddit’s IPO Gamble

What Next | Daily News and Analysis

Slate

News, Daily News, News Commentary, Politics

4.62.3K Ratings

🗓️ 22 March 2024

⏱️ 24 minutes

🧾️ Download transcript

Summary

Despite the blackouts, moderator revolts, and long string of controversies, Reddit remains an active, healthy website. As the site goes public this week, can it remain that way? Guest: Priya Anand, Bloomberg News tech reporter. Want more What Next TBD? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

When I called up Priya Onond to talk about Reddit, I wanted to start with the company's

0:09.6

users. Priya is a tech reporter at Bloomberg and she's covered Reddit as it got ready to go public

0:15.3

on Thursday. What I wanted to know is what makes a Redditor a Redditor? Who is this person? Like what characteristics do they possess? What

0:26.4

behaviors do they engage in? Can you can you think of the ideal Reddit user?

0:33.0

Honestly, at this point, it's probably anyone.

0:36.0

On their phone, on the Reddit app,

0:38.0

Reddit has so many niche communities and broad communities.

0:42.0

People post pictures of their pets people ask for relationship advice people ask I don't know if you can you know have this in in your podcast but am I the asshole they tell these stories?

0:53.2

Yeah we can say that here.

0:54.8

The site is somehow still in the top 10 in the US

0:59.6

so really a Reddit user could truly be any among us and a lot of people these days I've heard are adding

1:05.3

Reddit to their Google searches to try to get responses that are like buy a personal human, you know,

1:11.8

let me find someone's experience with this thing on the internet

1:15.2

that I have a question about.

1:17.0

I myself have been drawn to a subreddit called Daniel Tiger Conspiracy, where parents of

1:27.5

young children complain about kids TV. The thing about Reddit and the thing that in my opinion sets it apart from other platforms is how its

1:37.2

users feel. Like it or not, they are passionate about Reddit. My biggest takeaway in covering the company over the

1:44.3

last couple years is that is absolutely a love-hate relationship. Anytime the

1:49.0

company makes a decision that, you know, even a subset of people on Reddit don't like there are vocal

1:55.0

complaints about it. There will be protests, there will be blackouts.

1:59.4

Even on the subreddit Wall Street Bats, which you likely remember from its role in boosting

2:04.6

GameStop and other meme stocks, posters aren't totally sure that its IPO is a good idea.

...

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