What's next: Reddit is likely to go public next week.

all 24 comments

sorted by: hot top controversial new old
[–] 79 points 2 years ago* (17 children)

$6.4 billion for a company that has never turned a profit in the last 18 years? Lol

  • source
  • hideshow 17 child comments
  • [–] [S] 37 points 2 years ago (2 children)

    Yes, seems delusional at best

  • source
  • parent
  • hideshow 2 child comments
  • [+] -39 points 2 years ago (10 children)

    A hammer doesn’t turn a profit either. Its a tool used for a purpose.

  • source
  • parent
  • hideshow 10 child comments
  • [–] 43 points 2 years ago* (3 children)

    Yes it does. Hammers are like $0.20 to make, and sell for like $6. And they don't cost millions to keep working either. This isn't the example you think it is, hahaha.

  • source
  • parent
  • hideshow 3 child comments
  • [–] 25 points 2 years ago (2 children)

    Plus even if you just look at it as a tool, it does turn a profit, via being a tool. That's why a business gets a few, despite them originally costing them money. There's expected value in the hammer. It exists, physically, and it has turned a profit plenty before.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 2 points 2 years ago (1 child)

    My intention is that the value of the thing is what it can be used for. Its a tool that can be used to spread propaganda, and control the narrative. For the owner it’s a means to an end. Guess i should have clarified.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 2 points 2 years ago* (last edited 2 years ago)

    That works for privately owned companies-- the current example is Twitter, which is useful for pushing propaganda.

    It doesn't work for publicly owned companies, because public investors are only interested in profitting

  • source
  • parent
  • [–] 2 points 2 years ago (2 children)
  • [–] 9 points 2 years ago

    Any bets on how long after going public they go back on their promise to never get rid of old.reddit.com?

  • source
  • [–] 6 points 2 years ago* (2 children)

    Feel bad for the people who buy it lol, excluding the day traders planning to inflate it before riding it into the ground.

  • source
  • hideshow 2 child comments
  • [–] 3 points 2 years ago

    Pffft, I love how "market" news never have to deal with reality checks. Guess I'll make a shovelware company, make 2 shit games and announce an IPO, "Totally expecting at least 1 billion valuation, it's totally worth it, you guys"

  • source
  • [–] 2 points 2 years ago

    enshittification imminent.

  • source