SNOOcalypse - document, discuss, and promote the downfall of Reddit. @lemmy.ml cygnus @lemmy.ca 10 mo. ago

In unsurprising news, Reddit prepares IPO

www.businessinsider.com Reddit's cofounder said that at first the company felt like 'a homework assignment that got out of hand' rather than a business

Reddit's cofounder Steve Huffman said in its early days he filled up most of the site with content using different accounts until it got more users.

Reddit's cofounder said that at first the company felt like 'a homework assignment that got out of hand' rather than a business

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

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