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In unsurprising news, Reddit prepares IPO (www.businessinsider.com)
submitted 11 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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[-] ethd@beehaw.org 16 points 11 months ago

Honestly the most surprising part of this news is that it took so long

[-] marco@beehaw.org 2 points 11 months ago

A few years ago I would have bought some stocks to support them ... Now, I'd counsel anybody to stay away from that stock because the company could further alienate and lose most of their active users at any time.

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

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