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They have fewer users than Snap and pretty mediocre ad revenue and a platform which isn't very user friendly for advertisers. So I thought the price got pretty frothy all things considered. but looking at their traffic numbers with the news of yesterday I think I can forgive this. I think Nerdwallet might be another winner.
Google just applied a manual penalty to a bunch of sites which were dominating the serps and seems to have given a decent chunk to Reddit. So prepare for even more