540

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

68 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[-] MataVatnik@lemmy.world 22 points 9 months ago

He paid himself 193 mil because he knows its not going to be worth more than 1.93 mil after the IPO.

[-] Speculater@lemmy.world 3 points 9 months ago

I've spent years watching IPOs, it's going to get pumped and then dump after a few months. Anyone shorting it after the first couple of weeks is going to lose their ass.

[-] MataVatnik@lemmy.world 1 points 9 months ago

I can't wait to see how this plays out

this post was submitted on 24 Feb 2024

540 points (97.5% liked)

Technology

59648 readers

1544 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS