Their ad platform is trash it has limitations on its conversion api to 10 signals per second making it difficult for brands to optimise at scale.
Google scrapes all its data and Reddit fails to monetise its data properly.
For example x(twitter) you didn’t have to login to read the content, then Elon made it login only to prevent its data from being scrapped so he can use it for GROK. Smart move. Reddit isn’t login only companies scrape the data for free.
Reddit, doesn’t make smart moves at all with its ad platform and its data, therefore I am giving it a bad investment as a company.