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,
The thing is: what people call the Internet is not the infrastructure. It’s the content on the Internet. There’s the technical term “Internet” and there’s the coloquial term. Unfortunately, engineers and scientists suck at naming and explaining things at the level that the general population can understand. So “the Internet” became synonymous with “content on the Internet”, be it Web content, torrents, bbs and what not.