374 sats \ 2 replies \ @kr 14 Jun 2023 \ on: Why is Reddit currently not turning a profit? tech
does anyone know if reddit is still planning on going public?
Reuters said in February that they were targeting a 2H 2023 IPO, but I haven’t heard much since then.
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53 sats \ 0 replies \ @mudbloodvonfrei OP 14 Jun 2023
Apparently they're owned by a company called Advanced Publications, so I guess it's not technically VC-backed. I wanted to look at their balance sheet for some clues but it's privately held.
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106 sats \ 0 replies \ @mudbloodvonfrei OP 14 Jun 2023
Most of the articles I read in recent days suggested that API pricing changes are to increase profits in the run up to the IPO, but I didn't find anything more concrete than that.
In any case, an IPO in this market is somewhat unusual. Either there's real value that the investors want to unlock, or they want to dump before things get real bad.
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