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

177 comments fedilink hide all child comments

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.

(page 2) 50 comments

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[–] ethd@beehaw.org 16 points 11 months ago (1 children)

Honestly the most surprising part of this news is that it took so long

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[–] ulkesh@beehaw.org 14 points 11 months ago (1 children)

And I sincerely hope anyone that invests in Reddit loses everything they put into it. The company deserves to die for the bullshit they did last year. It’s past time to move on.

[–] Jaytreeman@kbin.social 7 points 11 months ago

Every big IPO like this goes up like crazy at first... In this case I predict it will fall quickly afterwards.
There's money to be made though

[–] forgotmylastusername@lemmy.ml 14 points 10 months ago* (last edited 10 months ago)

Well I checked back. I also went to wipe the last bits of posts from a couple accounts. Soon as the scripts got done running...

Uh oh! We have suspended your account due to suspicious activity.

[–] SteefLem@lemmy.world 12 points 11 months ago (1 children)

Well for me im gonna short the shit outta that ipo :)

[–] airportline@lemmy.ml 8 points 11 months ago* (last edited 11 months ago) (3 children)

Do not do this unless you're prepared to lose money

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[–] zcd@lemmy.ca 12 points 11 months ago (4 children)

What a little shitbaby, that IPO is going to be worse than Robinhood’s

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[–] NoIWontPickaName@kbin.social 12 points 11 months ago

Have we tried pulling a Twitter on this shit and seeing how many ads come up next to controversial Concepts yet?

I don't think it would take many of them to take this motherfucker

[–] KingThrillgore@lemmy.ml 10 points 10 months ago

They filed for IPO in December 2021. Its taken them THIS long. The competent management didn't leave the building, they were never there.

[–] frauddogg@lemmygrad.ml 8 points 11 months ago (3 children)

Tumblrfication in 24 months time. Trying to pump it for profit will see the bottom fall out; we've watched it happen dozens of times before

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[–] riodoro1@lemmy.world 6 points 11 months ago

People here tend to think we’ve made a dimple in reddits statistics and our voices were heard. Nope, both reddit and it’s users couldn’t give a fuck that we’re gone. Most of reddit is not your niche communities you miss, its dumb memes, content copied from facebook and politics. Vast majority of users just installed the app and are happily scrolling away building someones personal wealth, remaining oblivious how much reddit knows about them and how much greasy, fat fingers of shit hoarders like goldman sachs would like to exploit that info.

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