this post was submitted on 07 Jan 2024
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.

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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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[–] ulkesh@beehaw.org 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.

[–] Jaytreeman@kbin.social 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

[–] forgotmylastusername@lemmy.ml 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.

[–] NoIWontPickaName@kbin.social 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

[–] zcd@lemmy.ca 12 points 1 year ago (2 children)

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

[–] SteefLem@lemmy.world 12 points 1 year ago (1 children)

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

[–] airportline@lemmy.ml 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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[–] KingThrillgore@lemmy.ml 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.

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