Reddit has never turned a profit in nearly 20 years, but it just filed to go public anyway | CNN Business
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Reddit, the message board site known for its chronically online userbase and for originating much internet discourse, filed for its long-anticipated initial public offering on Thursday.

Reddit has never turned a profit in nearly 20 years, but filed to go public anyway::Reddit, the message board site known for its chronically online userbase and for originating much internet discourse, filed for its long-anticipated initial public offering on Thursday.

  • tsonfeir@lemm.eeEnglish
    465·
    11 months ago

    Because the stock market is a scam and whoever is valuing these companies so high is clearly in on it. Any company that has no profit is should be worth nothing in an IPO.

    Edit: strikethrough, to be more clearly an opinion.

    • Windex007@lemmy.worldEnglish
      41·
      11 months ago

      Any company that has no profit is worth nothing in an IPO.

      I envy people with the bravery to speak passionately about something they don’t understand at all.

      • tsonfeir@lemm.eeEnglish
        3·
        11 months ago

        I love that phrase. Edited to express that my statement was an opinion.