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In unsurprising news, Reddit prepares IPO (www.businessinsider.com)
submitted 5 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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[-] iterable@sh.itjust.works 21 points 5 months ago

And the super majority of investors will not understand one bit what Reddit is and why it use to be so popular. The pyramid scheme continues.

this post was submitted on 07 Jan 2024
476 points (95.6% liked)

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