this post was submitted on 28 Jul 2023

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submitted 3 years ago by airdi1@lemmy.world to c/technology@lemmy.world

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[–] VonReposti@feddit.dk 10 points 3 years ago (1 child)

The only way I can believe Reddit is this stupid is if investors are holding a gun to their head and demand profitability.

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[–] Rentlar@lemmy.ca 3 points 3 years ago (1 child)

If they weren't before, they would be after an IPO.

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[–] postmateDumbass@lemmy.world 4 points 3 years ago

What are they raising capital for?

Why IPO without an expansion into new markets that requires funding?

There is no growth on the horizon for reddit that justifys overpaying for ownership at IPO prices.

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