Drupal 8 introduced an entirely new caching system, with actually good cache invalidation. Right now if I save new content on one of my sites, it queues an invalidation request that gets sent to Varnish (which can be run either as a shutdown function or via a queue runner on cron) and the new content shows up within seconds.
I’m not sure I read the OP the same way you did. If you read it as “can I build a site on the scale of Reddit or Twitter with Drupal” then no, don’t build Reddit or Twitter with Drupal. If you read it as “will Drupal serve a site with user generated content” then yes, it will, but if you’re planning to be a top 10 site on the internet, you’ll need a custom stack.
I’m not sure I read the OP the same way you did. If you read it as “can I build a site on the scale of Reddit or Twitter with Drupal” then no, don’t build Reddit or Twitter with Drupal. If you read it as “will Drupal serve a site with user generated content” then yes, it will, but if you’re planning to be a top 10 site on the internet, you’ll need a custom stack.