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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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[-] Rentlar@lemmy.ca 63 points 10 months ago

"I submitted most of the content for the first couple of months myself — I had all these different accounts… and sometime in August was the first day that I didn't submit any content. Real users did. And literally every day since then, Reddit has been bigger than I ever thought it would be." -Steve Huffman

So there you have it, all of you single instance users, don't fret! Reddit didn't become popular in a day, it was mostly Spez posting to himself.

As far as the IPO goes, I've left Reddit so it can succeed or crash and burn, I care little at this point.

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

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