Given the state of Reddit itself, what chance does the company even have of surviving the next 5 years?

It’s a terribly mismanaged platform and a lot of its user base is fleeing to X and other social media platforms. The big brains at Reddit HQ apparently have no interest in competing with any of its competitors in the ever-changing social media ecosystem, nor any interest in managing its own user base (rather, offloading it to abusive moderators that don’t represent the users and are responsible for causing them to flee). It’s not a very investor friendly social media platform at the very least, given all the negative press it gets based on its awful user based governance structure. I really don’t see why anyone would think it’s a good investment to be quite honest and if users are fleeing, ad revenue down, does it even stand a chance of surviving the next couple years at this point? I imagine it will need to be fundamentally changed at the corporate level or sold.