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|ending credits opeth||1.87||0.2||6222||49|
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"It will be the end of Reddit," wrote latestagecapitalist. "Reddit only has one resource to harvest — the users — almost anything they do to get more revenue will piss the user base off more — every year they need to increase revenue now." Reddit became a household name when GameStop shares surged on a so-called short squeeze in January.Will wallstreetbets going public mean the end of Reddit?
Some users on the Reddit forum WallStreetBets are concerned with how going public will impact the 16-year-old platform. WallStreetBets exploded in popularity during the GameStop frenzy and now has more han 10 million members. "It will be the end of Reddit," wrote latestagecapitalist.What is Reddit and why is it so popular?
Reddit allows users to post without revealing their real identities, a feature the company's co-founder and CEO Steve Huffman defended earlier this year during a GameStop-related Congressional hearing.How does Reddit make money?
Much of Reddit's revenue is derived from advertising, though it also offers a premium subscription ad-free with access to exclusive features. The company reported about $100 million in revenues in the second quarter, almost three times higher than the same period last year.