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

submitted 9 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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[–] odelik@lemmy.today 1 points 8 months ago* (last edited 8 months ago)

What I'd really love to see more of is tech co-ops and unions.

With the current wave of corporate tech layoffs, I'm seriously surprised I'm not seeing more movement on the tech unions. Not so surprised I'm not seeing many co-ops since that business model is rarely used, but really should be invested into by more smaller tech shops. Additionally, unless you're an AI startup or some other buzz-tech startup trying to grift the trend wave, the investor money has mostly dried up outside of a few people that have actual knowledge in the space and understand that there needs to be more diversity in the tech space or else innovation stifles.