▲ 144 ▼ Reddit Advised to Target at Least $5 Billion Valuation in IPO (www.bloomberg.com) submitted 2 years ago by ardi60@reddthat.com to c/reddit@lemmy.world 40 comments fedilink hide all child comments
[–] robocall@lemmy.world 54 points 2 years ago* (last edited 2 years ago) (2 children) $5 billion dollar valuation - never turned a profit ??? permalink fedilink source hideshow 4 child comments replies: [–] astrsk@kbin.social 20 points 2 years ago Isn’t the venture scene’s motto “loss is the product” or something? permalink fedilink source parent [–] MentalEdge@sopuli.xyz 17 points 2 years ago Modern tech giants keep taking funding rounds to grow, because what's profit now when you can spend and get bigger, so profit later can be even more huge? Except investors are finally waking up to the fact that growth doesn't help much if the business isn't profitable, now or ever. Reddit can pound its chest about how much it thinks it's worth, but that's all it is. permalink fedilink source parent
[–] astrsk@kbin.social 20 points 2 years ago Isn’t the venture scene’s motto “loss is the product” or something? permalink fedilink source parent
[–] MentalEdge@sopuli.xyz 17 points 2 years ago Modern tech giants keep taking funding rounds to grow, because what's profit now when you can spend and get bigger, so profit later can be even more huge? Except investors are finally waking up to the fact that growth doesn't help much if the business isn't profitable, now or ever. Reddit can pound its chest about how much it thinks it's worth, but that's all it is. permalink fedilink source parent