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submitted 11 months ago by cygnus@lemmy.ca to c/snoocalypse@lemmy.ml

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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[-] forgotmylastusername@lemmy.ml 14 points 11 months ago* (last edited 11 months ago)

Well I checked back. I also went to wipe the last bits of posts from a couple accounts. Soon as the scripts got done running...

Uh oh! We have suspended your account due to suspicious activity.

[-] ulkesh@beehaw.org 14 points 11 months ago

And I sincerely hope anyone that invests in Reddit loses everything they put into it. The company deserves to die for the bullshit they did last year. It’s past time to move on.

[-] Jaytreeman@kbin.social 7 points 11 months ago

Every big IPO like this goes up like crazy at first... In this case I predict it will fall quickly afterwards.
There's money to be made though

[-] NoIWontPickaName@kbin.social 12 points 11 months ago

Have we tried pulling a Twitter on this shit and seeing how many ads come up next to controversial Concepts yet?

I don't think it would take many of them to take this motherfucker

[-] zcd@lemmy.ca 12 points 11 months ago

What a little shitbaby, that IPO is going to be worse than Robinhood’s

[-] SteefLem@lemmy.world 12 points 11 months ago

Well for me im gonna short the shit outta that ipo :)

[-] airportline@lemmy.ml 8 points 11 months ago* (last edited 11 months ago)

Do not do this unless you're prepared to lose money

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[-] KingThrillgore@lemmy.ml 10 points 11 months ago

They filed for IPO in December 2021. Its taken them THIS long. The competent management didn't leave the building, they were never there.

[-] frauddogg@lemmygrad.ml 8 points 11 months ago

Tumblrfication in 24 months time. Trying to pump it for profit will see the bottom fall out; we've watched it happen dozens of times before

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

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