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Reddit Advised to Target at Least $5 Billion Valuation in IPO (www.bloomberg.com)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 107 points 9 months ago (28 children)

Sure feels like they timed this IPO pretty badly. I think the ideal time to strike on this would have been a few years ago... Based on market conditions anyway. Reddit itself may just not have had their ducks lined up enough, but that's their problem, not the stock market's.

Tech stocks trading sideways for the last year or two
The interest rate money printer got shut off and cash is not cheap anymore
Seemingly all the major new tech stock investment interest is circling around stuff like AI
Federated alternatives are slowly building steam and people seem to have gotten pretty salty about corporate social media
The pandemic is more or less over and people have pulled back from being chronically online somewhat (this is my guess, I don't have data to back it up)

Also what exactly is the monetization strategy? Ads I guess? More catering towards creating corporate "synergy" with the Reddit community? Selling user data/content? So basically making the place suck considerably worse for users is what it looks like to me.

[–] [email protected] 1 points 9 months ago (1 children)

They already make money with ads. Killing third party apps was part of this, now they can control exactly how you see ads. It's the same as any other social media now, they recommend you content, which is exactly not the point of reddit.

[–] [email protected] 1 points 9 months ago

Reddit's been running ads for a while and has never turned a profit

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