• VonReposti@feddit.dk
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    1 year ago

    The only way I can believe Reddit is this stupid is if investors are holding a gun to their head and demand profitability.

    • Rentlar
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      1 year ago

      If they weren’t before, they would be after an IPO.

      • postmateDumbass@lemmy.world
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        1 year ago

        What are they raising capital for?

        Why IPO without an expansion into new markets that requires funding?

        There is no growth on the horizon for reddit that justifys overpaying for ownership at IPO prices.