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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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[-] TheFriar@lemm.ee 1 points 9 months ago

Look at a the way everything in tech is moving.

We are in the age of of surveillance capitalism. It will make itself profitable with our data. Maybe identifying people, creating profiles about beliefs and personality, etc.

What else could they possibly do? It’s proven profitable and that’s what they want.

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

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