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In unsurprising news, Reddit prepares IPO (www.businessinsider.com)
submitted 1 year 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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[-] ulkesh@beehaw.org 14 points 1 year ago

And I sincerely hope anyone that invests in Reddit loses everything they put into it. The company deserves to die for the bullshit they did last year. It’s past time to move on.

[-] Jaytreeman@kbin.social 7 points 1 year ago

Every big IPO like this goes up like crazy at first... In this case I predict it will fall quickly afterwards.
There's money to be made though

this post was submitted on 07 Jan 2024
476 points (95.4% liked)

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