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
[-] Anticorp@lemmy.world 53 points 10 months ago

15 billion? Lol, wow. That's about 14.5 billion more than I'd say they're worth.

[-] LemmyKnowsBest@lemmy.world 16 points 10 months ago

You think they're even worth half a billion?

[-] TangledHyphae@lemmy.world 10 points 10 months ago

Good point, it'll be good to see their public revenue sheets when they reach that point, 500 mil seems like a lot for the site but it is global so maybe there's more cash flow outside the US.

[-] crispy_kilt@feddit.de 1 points 10 months ago

Not the company, the data. For training ML

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When sharing links, please also share an archived version of the target of your link.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