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

submitted 8 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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[–] originalucifer@moist.catsweat.com 17 points 8 months ago (1 children)

wouldnt it be cool if retirement didnt rely on the market, at all? in any capacity. like, if we werent forced to go with a 'lower risk' tier of the house of cards.

[–] AdmiralShat@programming.dev 10 points 8 months ago

The value of money is based on the market, all aspects of finance are based on economies. Even just a straight up savings account gradually devalues

We fucked up a species when we traded communities for economies.