161
Reddit might once again be flirting with an IPO (techcrunch.com)
submitted 2 years ago by [email protected] to c/[email protected]
68 comments fedilink hide all child comments

IPO = Initial Public Offering, where shareholders offer to sell their shares to the public, shifting a company from a "private company" (it belongs to me, you, and that guy) to a "public company" (it belongs to anyone who pays enough for the shares).

The userbase has been always touchy when it comes to IPO, and rightfully so; they know that the new owners will only care about squeezing the platform dry. As such, I predict a new flood of Redditfugees to Lemmy and Kbin.

you are viewing a single comment's thread
view the rest of the comments
[-] [email protected] 22 points 2 years ago

I will watch their IPO with much interest. It can perhaps be a second source of schadenfreude for me after the Robinhood stock dropping below $10 per share.

this post was submitted on 29 Nov 2023
161 points (96.5% liked)

SNOOcalypse - document, discuss, and promote the downfall of Reddit.

4718 readers
1 users here now

SNOOcalypse is closing down. If you wish to talk about Reddit, check out [email protected], [email protected] and [email protected].

This community welcomes anyone who wants to see Reddit gone. Nuke the Snoo!

When sharing links, please also share an archived version of the target of your link.

Rules:

  1. Follow lemmy.ml's global rules and code of conduct.
  2. Keep it on-topic.
  3. Don't promote illegal stuff here.
  4. Don't be stupid, noisy, obnoxious or obtuse (S.N.O.O.)
  5. Have fun, and enjoy the popcorn! 🍿

founded 2 years ago
MODERATORS
[email protected]