62
Reddit seeks to launch IPO in March (www.reuters.com)
submitted 2 years ago by to c/worldnews@lemmy.ml
16 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] 42 points 2 years ago* (2 children)

Shorting the hell out of this one.

My bet is that their valuation is going to be ridiculous and the price will drop like a rock for at least 6 months to a year

  • permalink
  • fedilink
  • source
  • hideshow 4 child comments
    •
  • [–] 27 points 2 years ago (3 children)

    The company, which generates its revenue primarily through advertising and also offers premium access for $5.99 per month, has yet to turn a profit

    Ya, this seems like a bad investment. And the need to turn a profit will likely lead to a worse and worse user experience as Reddit tries to monetize them.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 6 child comments
    •
  • [–] 12 points 2 years ago

    Yep.

    Al the "disrupt the system" tech is just something that people use because it operates at a lose. The vast majority of the time the changes to turn a profit kill the platform.

    Twitter has been around forever, and never turned a profit.

    That didn't stop an egotistical idiot from spending billions in it tho. Because he thought he was smart enough to easily do it.

  • permalink
  • fedilink
  • source
  • parent