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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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[-] 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.

[-] bgh251f2@lemmy.eco.br 1 points 10 months ago

In Brazil they are very small, but they have some impact. Most because of the mods though.

[-] 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)

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