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Reddit seeks to launch IPO in March (www.reuters.com)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] 43 points 7 months ago* (last edited 7 months 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

[–] [email protected] 27 points 7 months 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.

[–] [email protected] 12 points 7 months 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.

[–] [email protected] 2 points 7 months ago

If they can't make a profit now I'm not sure how they expect to get more and more profits every year / quarter for the investors to pocket.

[–] [email protected] 8 points 7 months ago

Especially the worse the AI botting problem will become. Let us hope Lemmy will have good tools and a community to mitigate that.