Sometime this month, Reddit will go public at a valuation of $6.5bn. Select Redditors were offered the chance to buy stock at the initial listing price, which it hasn’t announced yet but is expected to be in the range of $31-34 per share. Regardless of the actual price, I wouldn’t be surprised if Reddit shares quickly fall below the IPO price, based on the fact that Reddit is an absolute dog of a company, losing $90.8 million on $804 million of revenue in 2023 and never having turned a profit. R...