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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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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[–] [email protected] 12 points 11 months ago (1 children)

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

[–] [email protected] 8 points 11 months ago* (last edited 11 months ago) (2 children)

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

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[–] [email protected] 12 points 11 months ago (2 children)

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

[–] [email protected] 4 points 11 months ago (1 children)
[–] DannyBoy 4 points 11 months ago (1 children)

... isn't that the point of kidneys?

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[–] [email protected] 11 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

[–] [email protected] 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.

[–] [email protected] 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.

[–] [email protected] 4 points 10 months ago

Third time's the charm?

[–] [email protected] 4 points 10 months ago (7 children)
[–] [email protected] 7 points 10 months ago* (last edited 10 months ago)

initial public offering aka the company goes on the stock market

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