this post was submitted on 24 Feb 2024
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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 25 points 9 months ago (7 children)

dont forget getting to gamble with other peoples forced retirement accounts! yay!

[–] AdmiralShat@programming.dev 5 points 9 months ago (6 children)

Haven't most places moved to 401ks for this reason? I'd never participate in a pension and I imagine the vast majority of those working in the tech industry are smart enough not to as well

I could be wrong I'm basing all this on assumptions about others intelligence

[–] originalucifer@moist.catsweat.com 17 points 9 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 9 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.

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