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/
Yeah, sure. Just like the reddit boycotts will do something, just like they’d never mess with the users and that the boycotting communities will stay closed in protest.
The reality of it is - it will go up. And it will trend up till it dies like Facebook - in irrellevancy among a different generation. So short it, wait for the long run, and lose everything you have in the process. It’ll be funny.