Reddit chooses New York Stock Exchange for long-stalled IPO

ardi60 ( @ardi60@reddthat.com ) · 10 months ago

DigitalDilemma ( @digdilem@lemmy.ml ) · 10 months ago

Can’t get any worse and might even get better if there’s enough shareholders who understand how to run a business and can keep a stupid ceo in check.

Pons_Aelius ( @Pons_Aelius@kbin.social ) · 10 months ago

and might even get better

I honestly doubt it. I don’t think it is possible for reddit to be profitable in anything like its current form.

Twitter, before the EM implosion, had managed one profitable year in the last decade.

Reddit has about 2 orders of magnitude less users than twitter.

Those users are much less attractive to advertisers because reddit knows fuck all about them compared to twitter.

Reddit surfed through the years of cheap vc money but going public could kill it.

interolivary ( @interolivary@beehaw.org ) · 10 months ago

Reddit surfed through the years of cheap vc money but going public could kill it.

Wonder which fascist tech billionaire will buy it when it finally implodes

TwiddleTwaddle ( @TwiddleTwaddle@lemmy.blahaj.zone ) · 10 months ago

Braindead take