Earlier quoted context omitted.
Heh... and take responsibility for all the porn and various "degeneracy" on there? It makes them a perfect political punching bag.
"We recognize the value online communities provide in training the state of the art in generative AI. With that in mind, we have acquired Reddit and intend to operate it as a wholly owned subsidiary. After an exhaustive search, we've selected $adult_ceo_with_social_experience to lead the team as they work to ensure Reddit can continue to operate as both a safe and vibrant digital oasis, where people can come together…
There are many synergies that aren't properly considered by a naive take.
I use site:reddit.com with most of my queries. I now prefer bing to google. Bing market share is growing.
Coughing up a few B to avoid reddit going on with an IPO would be a very strategic move on many fronts.