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Reddit wants to raise $748M with IPO, sets value at $6.4B
(go.theregister.com)
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this post was submitted on 11 Mar 2024
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You don’t have to be profitable to have a desirable stock, but usually there is some promise of future profitability (like Tesla for most of its history.)
Not sure what reddit has going for it, though.
I think Reddit will be Robinhood 2.0
It’s a bag pass/exit liquidity
It’s a ruse
OF thots?