If Reddit is supposedly dominated by negativity, outrage, and constant political chaos, how do we reconcile that with the fact that the company is performing extremely well in the market?
Is this a case of confirmation bias, where sentiment inside the platform feels overwhelmingly negative, while the underlying business metrics (engagement, traffic, monetization) tell a completely different story?
At what point do we separate how Reddit feels from what Reddit actually is as a business?
Genuinely curious how others are thinking about this from an investment perspective.