476
In unsurprising news, Reddit prepares IPO (www.businessinsider.com)
submitted 10 months ago by cygnus@lemmy.ca to c/snoocalypse@lemmy.ml
179 comments fedilink hide all child comments

Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.

you are viewing a single comment's thread
view the rest of the comments
[-] Bipta@kbin.social 27 points 10 months ago

They only have to be profitable long enough to sell their bags.

[-] BudgieMania@kbin.social 3 points 10 months ago* (last edited 10 months ago)

That's true, I have to imagine a significant amount of the people driving the push for the IPO are only doing so to drive value up, cash out and vanish

this post was submitted on 07 Jan 2024
476 points (95.6% liked)

SNOOcalypse - document, discuss, and promote the downfall of Reddit.

18 readers
1 users here now

SNOOcalypse is closing down. If you wish to talk about Reddit, check out !reddit@lemm.ee, !reddit@lemmy.world and !RedditMigration@kbin.social.

This community welcomes anyone who wants to see Reddit gone. Nuke the Snoo!

When sharing links, please also share an archived version of the target of your link.

Rules:

  1. Follow lemmy.ml's global rules and code of conduct.
  2. Keep it on-topic.
  3. Don't promote illegal stuff here.
  4. Don't be stupid, noisy, obnoxious or obtuse (S.N.O.O.)
  5. Have fun, and enjoy the popcorn! 🍿

founded 1 year ago
MODERATORS
lvxferre@lemmy.ml