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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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[–] DogPeePoo@lemm.ee 70 points 8 months ago (13 children)

☠️Reddit has NEVER been profitable ☠️

[–] Moobythegoldensock@lemm.ee 19 points 8 months ago (2 children)

You don’t have to be profitable to have a desirable stock, but usually there is some promise of future profitability (like Tesla for most of its history.)

Not sure what reddit has going for it, though.

[–] DogPeePoo@lemm.ee 17 points 8 months ago

I think Reddit will be Robinhood 2.0

It’s a bag pass/exit liquidity

It’s a ruse

[–] eran_morad@lemmy.world 1 points 8 months ago

OF thots?

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