• Jo Miran@lemmy.ml
      62·
      10 months ago

      IPO = Exit liquidity

      This. It is so obvious that it literally causes me pain. Investors want their money back and their payout and the retail investors will be left holding the bag.

  • mihor@lemmy.ml
    8·
    10 months ago

    They’ll be disappointed by the valuation, that’s for sure. Reddit is worth jack sh*t.

  • sugar_in_your_tea
    6·
    10 months ago

    Paywalled, so I’m not sure if this is answered in the article, but it seems odd they’d go with NYSE instead of NASDAQ.

  • DigitalDilemma@lemmy.ml
    34·
    10 months ago

    Can’t get any worse and might even get better if there’s enough shareholders who understand how to run a business and can keep a stupid ceo in check.

    • Pons_Aelius@kbin.social
      71·
      10 months ago

      and might even get better

      I honestly doubt it. I don’t think it is possible for reddit to be profitable in anything like its current form.

      Twitter, before the EM implosion, had managed one profitable year in the last decade.

      Reddit has about 2 orders of magnitude less users than twitter.

      Those users are much less attractive to advertisers because reddit knows fuck all about them compared to twitter.

      Reddit surfed through the years of cheap vc money but going public could kill it.