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Reddit has never turned a profit in nearly 20 years, but filed to go public anyway (www.cnn.com)

submitted 6 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Reddit has never turned a profit in nearly 20 years, but filed to go public anyway::Reddit, the message board site known for its chronically online userbase and for originating much internet discourse, filed for its long-anticipated initial public offering on Thursday.

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[–] topperharlie@lemmy.world 140 points 6 months ago (4 children)

honestly, it has the word AI somewhere in their last year activities, even if they don't do it themselves.

Investors are dumb as fuck, they know nothing about anything other than keywords and hype trains, so with the AI keyword they might go crazy on this.

I keep saying it, the stock market is a mistake for humanity, it doesn't make sense to put a gambling house in the core of the world economy.

[–] kylua@lemmy.world 1 points 6 months ago

it doesn't make sense to put a gambling house in the core of the world economy.>

wise words

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