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Reddit wants to raise $748M with IPO, sets value at $6.4B (go.theregister.com)

submitted 8 months ago by jeze@lemm.ee to c/technology@lemmy.world

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[-] KingThrillgore@lemmy.ml 2 points 8 months ago

But reddit, like twitter, has demonstrated it is a brand/service (just service in the case of xitter) that people are addicted to and will not quit. And stuff like AMAs and astroturfing demonstrate it has a lot of marketability.

The issue is every mintue Spez has been at the helm, they've actively crashed any positive value the brand has had. It's been dead man walking before the IPO, which is not how you want your exit to go.

this post was submitted on 11 Mar 2024

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