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Source: The Verge
Summary
Reddit plans to acquire capabilities and companies as part of its growth strategy during its 2023 earnings call. According to the company, this move is aimed at enhancing its platform and improving user experience. Reddit did not provide further details on the specific capabilities or companies it is targeting.
Our Reading
The launch follows a familiar script. Reddit wants to buy “capabilities” and “companies” to grow its platform. Because, of course, that’s exactly what it needs to improve user experience – more acquisitions.
Let’s be real, this is just a rebranding of the same old strategy. “Capabilities” and “companies” are just buzzwords for “more things we can’t quite explain but promise will make our platform better.” And don’t even get me started on the lack of details. What kind of capabilities? Which companies? How will this improve the user experience? We’ll just have to wait and see, because Reddit is keeping all that information under wraps.
Author: Evan Null
