SNOOcalypse - document, discuss, and promote the downfall of Reddit.

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In unsurprising news, Reddit prepares IPO (www.businessinsider.com)

submitted 1 year ago by cygnus to c/[email protected]

174 comments fedilink hide all child comments

Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.

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[–] [email protected] 14 points 1 year ago* (last edited 1 year ago)

Well I checked back. I also went to wipe the last bits of posts from a couple accounts. Soon as the scripts got done running...

Uh oh! We have suspended your account due to suspicious activity.

[–] [email protected] 14 points 1 year ago (1 children)

And I sincerely hope anyone that invests in Reddit loses everything they put into it. The company deserves to die for the bullshit they did last year. It’s past time to move on.

[–] [email protected] 7 points 1 year ago

Every big IPO like this goes up like crazy at first... In this case I predict it will fall quickly afterwards.
There's money to be made though

[–] zcd 13 points 1 year ago (2 children)

What a little shitbaby, that IPO is going to be worse than Robinhood’s

[–] [email protected] 4 points 1 year ago (2 children)

pisskidney

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[–] [email protected] 12 points 1 year ago

Have we tried pulling a Twitter on this shit and seeing how many ads come up next to controversial Concepts yet?

I don't think it would take many of them to take this motherfucker

[–] [email protected] 12 points 1 year ago (1 children)

Well for me im gonna short the shit outta that ipo :)

[–] [email protected] 8 points 1 year ago* (last edited 1 year ago) (3 children)

Do not do this unless you're prepared to lose money

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[–] [email protected] 10 points 1 year ago

They filed for IPO in December 2021. Its taken them THIS long. The competent management didn't leave the building, they were never there.

[–] [email protected] 5 points 1 year ago

People here tend to think we’ve made a dimple in reddits statistics and our voices were heard. Nope, both reddit and it’s users couldn’t give a fuck that we’re gone. Most of reddit is not your niche communities you miss, its dumb memes, content copied from facebook and politics. Vast majority of users just installed the app and are happily scrolling away building someones personal wealth, remaining oblivious how much reddit knows about them and how much greasy, fat fingers of shit hoarders like goldman sachs would like to exploit that info.

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