this post was submitted on 06 Mar 2025
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https://archive.is/2025.03.06-011758/https://www.ft.com/content/4ab9efe7-36bc-44ff-b2cd-06eb2c38203a

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Gaming chat platform Discord in early talks with banks about public listing

US group has sought to broaden its appeal to a mass audience

Discord co-founder and chief executive Jason Citron

Video game developer Jason Citron founded Discord in 2015 © Kimberly White/Getty Images/TechCrunch

Discord is in early talks with banks about a public listing, according to people familiar with the matter, in a sign of a possible revival in the sluggish US IPO market.

Founded in 2015 by video game developer Jason Citron, Discord offers multi-person voice, video and text-based spaces to its 200mn global monthly active users.

The San Francisco gaming chat platform was considering listing as early as 2021, according to people familiar with the matter. However, many technology companies and investors have put their IPO plans on hold due to political and market uncertainty.

That is expected to change this year as interest rates have fallen and US President Donald Trump has laid out a more tech-friendly regulatory agenda.

Discord was last valued at about $15bn in a 2021 fundraising, according to PitchBook. The company’s revived IPO plans remain subject to change, one of the people said.

“We understand there is a lot of interest around Discord’s future plans, but we do not comment on rumours or speculation,” the company said in a statement shared with the Financial Times. “Our focus remains on delivering the best possible experience for our users and building a strong, sustainable business.”

CoreWeave, an artificial intelligence cloud computing provider, filed for a New York IPO this month that would raise about $4bn and value the group at more than $35bn, which could make it the largest tech flotation of the year.

A series of valuable start-ups, including fintech groups Stripe and Chime and data platform Databricks that had been forced to stay private far longer than planned are expected to reignite plans to list their shares.

Discord initially found popularity among gamers, as well as retail trading and cryptocurrency communities, but has since sought to broaden its appeal to a mass audience.

The company has largely shunned advertising, in contrast to larger rivals such as Meta, X and Reddit, in favour of offering its users premium features for a fee.

In 2021, it attracted interest from multiple Big Tech groups, rebuffing a $12bn takeover bid from Microsoft. The recent IPO plans were first reported by The New York Times.

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[–] TommySoda@lemmy.world 250 points 6 days ago (13 children)

Jesus fucking Christ, can I not just enjoy one thing in my life without it eventually turning adversarial?

[–] MrVilliam@lemm.ee 124 points 6 days ago

"No. Fuck you. Pay me. Now pay me more. Now enjoy ads. Pay me again. We're now introducing fees associated with the privilege of paying me. So pay that while paying me."

-- approximately everything

[–] unexposedhazard@discuss.tchncs.de 87 points 6 days ago* (last edited 6 days ago) (17 children)

Dude i am so glad. Discord was always a cancer, i hope this will spell the beginning of the end of discord. Its the number one biggest offender in terms of limiting access to information on the internet right now. It needs to die.

[–] Screen_Shatter@lemmy.world 24 points 5 days ago

The number of times I've been directed to a useless discord chat while looking for help on a topic is infuriating. Can't wait for this shit to stop.

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[–] Spaniard@lemmy.world 42 points 6 days ago* (last edited 6 days ago) (3 children)

I don't know why people trusted Discord, it's one of the worst platforms and I say this while I use it because I had to settle for that (friends) like I had to settle for WhatsApp (family and work)

Irc was better for chat, ventilo and mumble better for audio, and matrix is pretty much the same but better. Discord sucks like Twitter did and I can't wait for it to go away. And forums are a better platform for help and documentation.

Thank God I convinced my fiancee to move our VCs to Wire, away from WhatsApp and Discord.

[–] AHemlocksLie@lemmy.zip 23 points 6 days ago (2 children)

Discord does exactly one thing not entirely shittily. It puts all those features in one place. It gets beat out in any one feature, but you can run an entire community within a Discord for free. You shouldn't because it's terrible at most of that and mediocre at the rest, but it's free and just good enough if you bludgeon it into shape with tools and bots and stuff.

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[–] ZephyrXero@lemmy.world 116 points 5 days ago (2 children)
[–] drmoose@lemmy.world 31 points 5 days ago (6 children)

Can it be any more enshitified tho?

[–] iopq@lemmy.world 35 points 5 days ago

Oh, it can get a lot worse

[–] themadcodger@kbin.earth 18 points 5 days ago

Discord: Hold my beer

[–] P1nkman@lemmy.world 13 points 5 days ago

Pay $5 to send 50 messages per month. Then an additional $1 for every fifth message.

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[–] MagicShel@lemmy.zip 123 points 6 days ago (12 children)

Well fuck. Time for a new platform.

[–] Chozo@fedia.io 64 points 6 days ago (1 children)

I've been wanting a replacement for ages now. The problem is that Discord does everything it does very well (with a few exceptions), way better than any of its competitors. It's incredibly hard to replace, because no other product really matches it in any category. Cost, ease of use, feature set, cross-app API support... Nobody else comes close; even if you paid a ton of money for premium services to replace Discord, you're still likely going to downgrade your overall experience.

I really want to see more competition in this space.

[–] SkyeStarfall@lemmy.blahaj.zone 34 points 6 days ago (2 children)

Don't worry, once it goes public it will get worse and easier to replace

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[–] kittenzrulz123@lemmy.blahaj.zone 50 points 5 days ago (4 children)

Reminder: Matrix is open source and federated

[–] DiabolicalBird@lemmy.ca 19 points 5 days ago

Matrix needs more time in the oven before it's ready for widespread adoption.

I really did try to make it work (for months) but it's a buggy and unpolished experience, everyone that tried it with me ended up going back to Discord and Signal for communication.

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[–] RejZoR@lemmy.ml 98 points 6 days ago (4 children)

Every time something goes public it turns into shit. Every single time.

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[–] omarfw@lemmy.world 55 points 5 days ago (6 children)

looks like me and the boys are going back to teamspeak

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[–] asudox@lemmy.asudox.dev 81 points 6 days ago* (last edited 6 days ago) (8 children)

https://revolt.chat/

FOSS alternative that looks and feels the same.

[–] nomugisan@lemmy.dbzer0.com 26 points 6 days ago (12 children)

Matrix and XMPP are decentralized, much better than Revolt for that purpose.

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[–] Matombo@feddit.org 56 points 6 days ago (3 children)

This only exelerates the enshittification that already started

[–] SaharaMaleikuhm@feddit.org 25 points 5 days ago (7 children)
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[–] absquatulate@lemmy.world 63 points 6 days ago (3 children)

I would be tempted to say that it will now turn to shit, but in Discord's case it was pretty shit already.

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[–] Korhaka@sopuli.xyz 41 points 5 days ago (13 children)

I hate that everyone uses discord. Why can't we use IRC which is obviously better and uses a tiny fraction of the system resources that discord uses?

[–] kautau@lemmy.world 57 points 5 days ago* (last edited 5 days ago) (2 children)

The worst part about discord to me is that it’s used as a knowledge base for open source projects and games and such. This puts things in a walled garden. I instantly get turned off by a thing when the homepage is “join our discord” or I see a comment like “oh it’s explained in the discord.”

It’s only a matter of time before discord becomes paywalled, and all the knowledge out there ceases to be public.

[–] LucidNightmare@lemm.ee 21 points 5 days ago (3 children)

I like to play rom hacks, and sure enough, most of them want you to join their Discord to get information about any upcoming updates or what the mod author is making next. I hate it to absolute death.

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[–] dumbass@leminal.space 49 points 6 days ago* (last edited 6 days ago) (1 children)

🎶It's beginning to look a lot like enshitification,
Everywhere you go,
Just look at Reddit and x, they're all a mess,
With racist Nazi bigots and all the transphobes.

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[–] wreckingball4good@lemm.ee 29 points 5 days ago (4 children)

There goes the neighborhood.

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[–] darkknight@discuss.online 31 points 5 days ago (2 children)

I only use discord for stuff that doesn't provide an alternative. It's terrible for finding info and questions that have already been asked. Hopefully this will bring back actual forums, discord is not the place for support.

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[–] JackAttack@lemmy.dbzer0.com 25 points 5 days ago (10 children)

Can anyone with knowledge on business explain why these companies keep going public other than the simple fact of money?

I feel like everytime a company does they go full throttle into making shareholders money and lose sight of their original company. Honestly I assumed discord was already public based on some of their monetary features that are overpriced lol.

[–] yamper@lemmy.world 29 points 5 days ago

it's literally just money

[–] mox@lemmy.sdf.org 17 points 5 days ago (1 children)

It's about money, specifically with a near-term "exit strategy" for investors.

It lets them push the company into choices that will pump up the stock price so that early shareholders can sell their stock and walk away with profits... without any concern over how those choices will impact the company, its employees, its customers, or the new shareholders in the long term.

I won't shed a tear for Discord, though. They are a parasitic corporation that extracts profit from the world's online communities by using the network effect to lock our communications and collected knowledge behind their terms of service. No company should have control over so much of humanity's cultural development and history.

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[–] cyrano@lemmy.dbzer0.com 18 points 5 days ago (4 children)

It’s the path for the startup industry to rewards the venture capitalist investor basically either IPO by going public or M&A by being bought (like instagram by meta).

Here some more info on the different startup stages https://www.latitud.com/blog/stages-of-a-startup

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[–] sqibkw@lemmy.world 15 points 5 days ago (2 children)

I've been frustrated with Discord already after their stint with NFTs 3 years ago, and now there are ads in the channel panel and the cost of Nitro has doubled. But, none of the FOSS alternatives work well enough to move my friends over there, in my experience. Hopefully this will spark some progress, especially if Discord goes the way of Tumblr/Reddit.

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[–] Sunshine@lemmy.ca 17 points 5 days ago

Looks like everyone needs to switch to !matrix@programming.dev

[–] cyrano@lemmy.dbzer0.com 28 points 6 days ago (1 children)

Anyone that need to clear their history https://discorch.org/

Browse and archive your messages, and easily request deletions — all while respecting Discord's guidelines

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[–] suburban_hillbilly@lemmy.ml 31 points 6 days ago

I knew this day would come [gently pats 15 year old mumble server].

[–] tyrant@lemmy.world 30 points 6 days ago (6 children)

I guess I'll go back to matrix? I wish it was a little more polished

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[–] zer0squar3d@lemmy.dbzer0.com 13 points 5 days ago

I'm calling it. Backup all your data and move it elsewhere, you may have to pay to access or have it deleted.

[–] redwattlebird@lemmings.world 22 points 6 days ago (7 children)

Time to introduce my friends to the glory of TeamSpeak!

[–] lemonuri@lemmy.ml 17 points 5 days ago (2 children)

mumble works very well and is foss as well.

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[–] JaN0h4ck@feddit.org 23 points 6 days ago
[–] boreengreen@lemm.ee 22 points 6 days ago

So the userbase is worth $12bn.

[–] KiloGex@lemmy.world 11 points 5 days ago (2 children)

Well, time to look for a new platform.

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[–] Xanza@lemm.ee 25 points 6 days ago (6 children)
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[–] Feathercrown@lemmy.world 16 points 5 days ago

Well it was fun while it lasted

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