this post was submitted on 07 Jan 2024
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.

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In unsurprising news, Reddit prepares IPO (www.businessinsider.com)
submitted 11 months ago by cygnus@lemmy.ca to c/snoocalypse@lemmy.ml
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Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.

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[–] GammaGames@beehaw.org 3 points 11 months ago (1 children)

Yeah, I went through a few pages and they don’t seem unattainable. The hardest would probably be living in a country that isn’t included

[–] survivalmachine@beehaw.org 4 points 11 months ago

Yeah, and while the country thing sucks, it's at least a quick "yes/no" answer before you even start trying. This isn't a deceptive lure like roblox, where they entice millions of kids to try to monetize their content, but make it exceptionally hard to actually make a profit or to even cash out (and even if you meet their ridiculous requirements, there is a huge imbalance of exchange rates when converting to and from a real currency to robux).