Reddit Inc. is weighing feedback from early meetings with potential investors in its initial public offering that it should consider a valuation of at least $5 billion, according to people familiar with the matter, even as it is estimated below that figure in the volatile market for shares of private companies.
Regular people didn’t know or care wtf reddit was for quite a while also and there absolutely is a building friction between people and corporate social media. We’re in the early stages for now, but stuff like Activitypub is not going away.