Technology

Great marketing for an IPO ...... we need enough money to equal three times what our CEO gets

Watch as he burns through it in one:-).

Also, bold of us to assume that he has not already spent it:-P.

I report them as spam.
Its nothing i signed up for, and consider it marketing. And there is no unsubscribe link in the email, and its from an unmonitored inbox.
That makes it spam, and i hope it trashes their mailer IP's reputation

It's almost certainly going to do well enough that the VCs and insiders will be able to cash out. The founders will be centi-millionaires. But, people who buy in at the IPO price, I wouldn't be surprised if they lose a lot of money.

The best part is that this whole thing is about having the "opportunity" to purchase reddit stock at its IPO price. This user generated content farm wouldn't dare give away equity for free to users responsible for the site having any past, present, or future value.

I'm not a finance person, but the only gambling I'd do on this company is hope that Wall Street pumps the price post-IPO so I can short it.

My understanding is that the value of each reddit user is priced roughly at $2. A Facebook user is priced at roughly $40. Their only options to maybe be profitable are more enshittification, more users, or both. Or, you know, not paying hundreds of millions of dollars to the execs of an RSS feed with voting and comments.

I got offered a while ago and I had 1,500 link and 0.5M comment karma after a decade. I was never a moderator or did anything important. I can't imagine that was considered meaningfully contributed. At least I hope not.

I'd laugh about this but then I remember that someone recently bought Yahoo for $5B

More like $599 US dollars. Riiiiidge Racer!

Every day the same thing ad nausea. Fascism bad. Sexism bad. Phobia bad. Musk bad. Orange man bad. Inflation bad. Boomers bad. Cats good. Name my rescue dog. Celebrity good. Celebrity dead.

That's not just Reddit. That's the entire Internet right now. Reddit or Lemmy, X or Mastodon, Facebook or anything else on the Fediverse. It's all the same. We are living in a time of mass fear because of several different reasons. War, climate, economy, personal rights... pick whatever topic you want. There's a reason to be angry about it.

We need to go back to the days of happy people sharing their passions, rather than angry people attacking each other. But that won't happen anytime soon.

It's still insanely popular.

Because profit requires you to pay taxes. It's not uncommon at all for growing companies to invest and otherwise use up any profit they generate so the balance sheet stays negative while the company keeps growing in value.
Also allows you to cry how those dirty 3rd party app developers are stealing all your profit boo hoo.

When you look at the revenue growth of reddit, it's not hard to see that if they were able to function at all when they had a revenue 1/10th of what it's now, they could turn profit if they wanted to.

You don’t have to be profitable to have a desirable stock, but usually there is some promise of future profitability (like Tesla for most of its history.)

Not sure what reddit has going for it, though.

Three fiddy.

I was for many years a heavy user and while I liked my niche communities, I abhorred the platform and how it was manipulating us through multiple schemes.

Oddly enough, while the communities here are smaller or nonexistent, the experience seems better and healthier.
Maybe in time this will change too.

As someone who dated a stripper in college and got to know a lot of those folks outside of work, trust me, you don’t actually want a stripper girlfriend.

Edit: That said, the guitar is a fine choice.

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.