Reddit gets ready for IPO, setting a top valuation of $6.4 billion

Blaze@dormi.zone to Reddit@lemmy.world – 64 points –
axios.com

What's next: Reddit is likely to go public next week.

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$6.4 billion for a company that has never turned a profit in the last 18 years? Lol

Yes, seems delusional at best

This is quite common on the wall street. Companies are in the business of selling stock, not making money on the free market.

I’m pretty sure the leadership just wants to cash out ASAP.

Honestly I think he's gonna sell Reddit as soon as he can get a decent enough offer. It's a sinking ship already.

A hammer doesn’t turn a profit either. Its a tool used for a purpose.

A hammer is not a company that has created and maintained a product platform that requires a cash-flow to keep funding development and keep the servers up.

I was intending to use it as a metaphor. Meteors usually are not the exact thing they describe. Its goal doesn’t have to be a thing that turns a profit, when it can be used as a tool in other ways. I didn’t do a good enough explanation of my meaning

Jim Cramer, that you?

I get the other responses as i wasn’t very clear on my meaning, but this confuses me.

Ah was joke reference to the Mad Money tv show stock investor guy, who notoriously has a following of people who invest the opposite of what he recommends

A hammer is a tool to be used to smash my testicles into a paste

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