Reddit Inc. is weighing feedback from early meetings with potential investors in its initial public offering that it should consider a valuation of at least $5 billion, according to people familiar with the matter, even as it is estimated below that figure in the volatile market for shares of private companies.
  • Grandwolf319
    29·
    11 months ago

    Everyone here are thinking $5 billion means Reddit won. Wasn’t their evaluation at $15 at one point?

    • stoly@lemmy.world
      610·
      11 months ago

      If you mean that an entitled douchecanoe who has no trouble allowing genocides to occur on his service getting stupid rich, then they did win. If you are looking at how much they could have gotten, then, yeah, they suck.