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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.

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[-] [email protected] 8 points 2 years ago

during the entire API fiasco some people had a look at their financials and the conclusion was that they should be making a profit if their revenue numbers are remotely correct. Somewhere in this pit of dung they have several money pits of unknown nature

[-] [email protected] 1 points 2 years ago

Are they SBFing islands for their hoity parents?

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

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