Reddit Inc. is weighing feedback from early meetings with potential investors in its initial public offering that it should consider a valuation of at least $5 billion, according to people familiar with the matter, even as it is estimated below that figure in the volatile market for shares of private companies.
Yea, I do think there’s a bit of cult-hype around federation and decentralisation and has been for a while here in the Fedi. Which is really just tech hype … the idea that some technology magically solves problems.
In reality, better social media requires more than just a technology.