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.

  • cyruseuros@lemmy.mlEnglish
    17·
    8 months ago

    You keep telling the next investor it’ll be profitable soon. I believe the guy that came up with this scheme first went to prison or something, but afterwards we all collectively decided we were cool with it.

    • whoscheckingin@lemmy.mlEnglish
      8·
      8 months ago

      That’s why they need to go public in the first place. Investors are like it’s right now or you’re shutting down, no more free money for you.