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In unsurprising news, Reddit prepares IPO (www.businessinsider.com)
submitted 10 months ago by cygnus@lemmy.ca to c/snoocalypse@lemmy.ml
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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.

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[-] Modva@lemmy.world 8 points 10 months ago

There will be a nice and seemingly articulate PowerPoint presentation that explains the monetization strategy.

The user data on hand, the rise of reddit data in search engines, all factor prominently.

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

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