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Reddit has never turned a profit in nearly 20 years, but filed to go public anyway (www.cnn.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Reddit has never turned a profit in nearly 20 years, but filed to go public anyway::Reddit, the message board site known for its chronically online userbase and for originating much internet discourse, filed for its long-anticipated initial public offering on Thursday.

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[-] tsonfeir@lemm.ee 2 points 9 months ago* (last edited 9 months ago)

Subjective. To whom? That’s the big question. When valuing a company, logically you look at the books. If the books say they cannot survive without continuous investment, they’re not a good financial investment.

You cannot measure the value of Reddit having a lot of users who could, in theory, leave at any moment. It’s not something that can have a value. Therefore it’s made up.

this post was submitted on 24 Feb 2024

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