I've said it before, and and I'll say it again. RDDT won't scale unless spez makes controversial moves and tough decisions. I'm going to compare them to Meta, as many have said Reddit is a "baby Meta".
1.) They need to buy a company like Discord like how FB bought instagram.
2.) They need to FLOOD the feed with ads, like how Instagram does currently.
3.) They need to sell user data and pander more to right wing. Left wing users are mostly tapped out and have less to spend. Use the Elon Musk playbook. Tesla at all time highs even with left wing boycotts lol. Look at Bluesky, running out of funding while Truth Social somehow still strong as ever. I'm not sure how Reddit manages this, but probably involves removing some left wing moderators and adding more right leaning ones.
On the above point, my biggest worry right now and risk to reddit is Trump using the Reddit is a left-wing antifa terrorist organization rhetoric. Maybe even going as far as getting the FCC to shut it down. Steve Huffman really needs to kiss the ring.
This way I can see it rocketing to $300+ if the CEO plays the cards right.