cygnus@lemmy.ca to SNOOcalypse - document, discuss, and promote the downfall of Reddit.English · 10 months ago
- cross-posted to:
- internet@lemmy.eco.br
Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.
They only have to be profitable long enough to sell their bags.
That’s true, I have to imagine a significant amount of the people driving the push for the IPO are only doing so to drive value up, cash out and vanish