8 mo. ago • 97%

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

www.axios.com Just a moment...

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

Technology @beehaw.org Reddit gets ready for IPO, setting a top valuation of $6.4 billion

24 comments

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

79
- Yes, seems delusional at best
  
  37
  
  Well nothing new for Huffman to be delusional and out of touch. Affluenza afflicted ass.
  
  23
  
  This is quite common on the wall street. Companies are in the business of selling stock, not making money on the free market.
  
  2
- I’m pretty sure the leadership just wants to cash out ASAP.
  
  23
  
  Otherwise they might aim even higher like Twitter did.
  
  2
- Honestly I think he's gonna sell Reddit as soon as he can get a decent enough offer. It's a sinking ship already.
  
  10
- A hammer doesn’t turn a profit either. Its a tool used for a purpose.
  
  -39
  
  Yes it does. Hammers are like $0.20 to make, and sell for like $6. And they don't cost millions to keep working either. This isn't the example you think it is, hahaha.
  
  43
  
  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.
  
  12
  
  Jim Cramer, that you?
  
  2
  
  A hammer is a tool to be used to smash my testicles into a paste
  
  1
Any bets on how long after going public they go back on their promise to never get rid of old.reddit.com?

8
Feel bad for the people who buy it lol, excluding the day traders planning to inflate it before riding it into the ground.

6
- Remember the wolf of wall street when pump and dump schemes could get you jailed? Jordan Belfort looks like the honest guy in today‘s economy.
  
  2
  
  When bad things happen to bad people, the world feels right.
  
  1
Pffft, I love how "market" news never have to deal with reality checks. Guess I'll make a shovelware company, make 2 shit games and announce an IPO, "Totally expecting at least 1 billion valuation, it's totally worth it, you guys"

3
enshittification imminent.

2

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