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.
Sure, it’s been the “winner” if you were expecting reddit to topple from top spot as best aggregator - but it was never really reasonable to expect that.
Even now, the perspective that Lemmy should strive to be some kind of new reddit is really daft.
What we actually want, is for Lemmy to grow in a sustainable and manageable way with real actual content enjoyed by real contributing users.
The quality of Lemmy has improved dramatically in the last 6 months. Way more users, servers, content, and third party apps. The quality of reddit has decreased dramatically in the last 6 months. User counts may not have suffered, but the content and the experience most certainly has.