Makes me (further) believe that Reddit is heavily undervalued...
Alright, I'll bite. What's a reasonable price for Reddit? Aren't most of their users bots?
Doesn't matter. Subreddits create vast islands of value. A single sub overrun with bots is quarantined effectively.
That is why Reddit is one of my favourite social sites. It is algorithmic but if you go to r/assholedesign you get asshole design. (and an anal mod who keeps it like that) Etc.
Value $44bn ;)
Discord is the real play.
I'm came to the comments here wondering why OpenAI can seemingly fund massive new AI chip data centers but can't acquire Discord.
Buy discord (for 44bn) - skin a version to be a slack/teams/zoom/google thingy clone for corporates - integrate ChatGPT into all of it.
Discord will probably IPO when conditions allow - might be an easy buy for a stock / cash offer.