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Reddit wants to raise $748M with IPO, sets value at $6.4B (go.theregister.com)

submitted 8 months ago by jeze@lemm.ee to c/technology@lemmy.world

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[–] RememberTheApollo_@lemmy.world 32 points 8 months ago (1 children)

Access to.

But I don’t think I know a single redditor who got the offer who is buying. I’m not.

[–] Toribor@corndog.social 20 points 8 months ago (1 children)

It seems like these tech IPOs happen when they are at their peak. Get a huge influx of extra cash once user growth starts to slow, pay off your early investors and then self-implode.

[–] Patches@sh.itjust.works 3 points 8 months ago (1 children)

Are we at the huge influx of cash once growth slows stage?

[–] Toribor@corndog.social 10 points 8 months ago (1 children)

Well you definitely don't want to have an IPO after it's clear that you've already peaked and there is no way to gain more users or squeeze value out of the existing ones.

[–] ilinamorato@lemmy.world 5 points 8 months ago

Somewhere, Spez is facepalming for exactly this reason.