NEW YORK, Feb 7 (Reuters Breakingviews) - Social media platform Reddit, which helps its users “dive into anything,” may finally plunge into the public markets. The 19-year-old company made over $800 million in sales last year, at least 20% more than in 2022, according to Bloomberg. But a dearth of profit this late into its existence portends the lack of a real business model, suggesting it’s still not ready for public company life.

https://www.reuters.com/breakingviews/investors-will-say-ok-boomer-aging-reddit-2024-02-07/

Original link: https://www.reuters.com/breakingviews/investors-will-say-ok-boomer-aging-reddit-2024-02-07/

  • OpenStars@startrek.websiteOPEnglish
    0·
    10 months ago

    ^ THIS - whoops, old habits die hard.

    /s btw, b/c I’ve mostly only ever done that ironically (iirc)

    Okay, so you may not even think that’s funny, but at least if you get mad, there’s a chance that I would LISTEN and we could have a REAL discussion about that! I’ve changed people’s minds here and vice versa, and yeah been brought down a peg or two, b/c as you said these are actually people.

    Tbf Reddit has some irl people too, mixed in there, but they are… of a different kind. Some are indistinguishable from bots, while others may as well be.

    I don’t want to be social media-ist - if it was merely “another place” then that’s entirely their call, to live however they want, but dayum, it really is different over there, especially after all the best people left, though it was becoming more that way all the time even before that.