

This is the best answer. For a long time, VCs were willing to load up all sorts of startups and growth-stage companies with cash. But that changed last year. Suddenly, some investors found it made more sense to park their money in less risky, less time-consuming opportunities. That included stuff like bonds. Higher interest rates and an economy in crunch mode made the need to make money now more important than before.
That’s one thing Reddit doesn’t somehow grasp: They outsourced their brand experience a long time ago when they were late to building an app of their own. To me and many others, reddit definitely is reddit is fun. There’s no putting that genie back in the bottle.