this post was submitted on 07 Jan 2024
477 points (95.8% liked)

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

4672 readers
1 users here now

SNOOcalypse is closing down. If you wish to talk about Reddit, check out !reddit@lemm.ee, !reddit@lemmy.world and !RedditMigration@kbin.social.

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When sharing links, please also share an archived version of the target of your link.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! ๐Ÿฟ

founded 1 year ago
MODERATORS
lvxferre@lemmy.ml
477
In unsurprising news, Reddit prepares IPO (www.businessinsider.com)
submitted 10 months ago by cygnus@lemmy.ca to c/snoocalypse@lemmy.ml
180 comments fedilink hide all child comments
 

Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] JillyB@beehaw.org 2 points 10 months ago

Well YouTube is worth far more than even this valuation, so that tracks. There have been many competing services (like the one we're on, and Voat) but none of them have put a dent in Reddit's ability to serve ads to a huge number of eyeballs. I wouldn't invest in it but to suggest it's valueless because they don't own their servers is a stretch.