Reddit wants to raise $748M with IPO, sets value at $6.4B - eviltoast
  • merc@sh.itjust.works
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    8 months ago

    I don’t know about “insanely”.

    It’s not in the top 10 globally. It gets less traffic than Yahoo or Yandex.

    https://www.similarweb.com/top-websites/

    Compared to other social media it’s below Facebook, Instagram and even the dying Twitter. It might get more traffic than TikTok (which seems off to me) but unlike Reddit and Twitter, TikTok knows how to make money. Reddit has never made money, but the pitch to investors is apparently “as soon as we go public, we’ll be in the black, trust me bro”.