this post was submitted on 26 Dec 2023
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Reddit Falls Short of Ad Growth Targets Ahead of Likely 2024 IPO (www.theinformation.com)
submitted 11 months ago by return2ozma@lemmy.world to c/technology@lemmy.world
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[–] wicked@programming.dev 8 points 11 months ago (2 children)

Are you not aware that public companies split the profits too? They do not need to grow to have value for investors.

[–] Chessmasterrex@lemmy.world 9 points 11 months ago (1 children)

Not all of them do that. There are growth stocks and dividend stocks. Growth stocks typically don't pay dividends, but instead reinvest the dividend back into the company. Amazon, Alphabet and Berkshire Hathaway don't pay dividends.

[–] wicked@programming.dev 1 points 11 months ago

Of course not. But they can, whenever they choose to. Parent comment said they have to grow since they are public, unlike private companies like Reddit.

[–] crsu@lemmy.world 3 points 11 months ago

Yeah tell it to the shareholders