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In unsurprising news, Reddit prepares IPO (www.businessinsider.com)
submitted 1 year 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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[-] janabuggs@beehaw.org 1 points 1 year ago

I don't want to sound stupid but every time I hear this I don't understand what they mean. If I don't make enough money then I lose my possessions and house and certainly wouldn't be able to afford servers. If it's not profitable then why keep doing it? Does he just mean he doesn't get massive bonuses? Clearly this word means something different to me.

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

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