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Reddit seeks to launch IPO in March(www.reuters.com)

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RedditEnjoyer@lemmy.world
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HobbitFoot @thelemmy.club
52 points

Why buy it? The CEO has publicly stated they don’t make money while killing two major revenue streams.

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AtariDump@lemmy.world
16 points

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ZeroCool@slrpnk.net
25 points

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Blaze@discuss.tchncs.de
24 points

It’s happening

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MamboGator@lemmy.world
55 points
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ZeroCool@slrpnk.net
31 points

Now it’s just a question of whether old.reddit will be killed off before the IPO or shortly afterwards. Either way, I doubt it makes it to the summer.

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UntouchedWagons@lemmy.ca
9 points

I hope you’re right.

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abbadon420@lemm.ee
12 points

I hope it doesn’t ruin what we have here

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SSTF@lemmy.world
4 points

I sincerely hope so, many hobby and interest communities absolutely need more active members to achieve stable activity.

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Pons_Aelius@kbin.social
24 points
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They are about 2 years too late.

The rise in interest rates and the end of easy VC money has swung the dial back to: Companies actually need to generate profit and not just show user growth to be attractive to investors.

The IPO will not go as spez dreamed for so long.

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Mystic_Vampire@lemmy.world
4 points

I agree. The economy is shit right now and I would be amazed that anyone in their right mind would invest in a company whose already lost half their value in just a few years (at least, that’s what I’ve heard. They supposedly went from 10B to 5.5B or something like that). And like you said, interest rates are a factor as well.

The mods are jumping ship or just straight up abandoning the site, and the slew of NSFW content, real or not, is damaging its advertisement potential. It’s a lemon.

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Sine_Fine_Belli@lemmy.world
3 points

Well said

Short the stock! We hate the stock!

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Lvxferre@mander.xyz
16 points
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Eventually the IPO will ruin Reddit, as vulture capital will make sure to extract every single bit of value from the platform as profit. I just wish that Reddit’s downfall happened before that - otherwise spez and other shareholders are still leaving with pockets full of money.

Also, it would be a shame if a blackout happened near the end of February… or if subreddits went again into “Oliverposting” mode… or if people happened to promote a few Kbin / Lemmy instances…

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