ardi60@reddthat.com to Technology@lemmy.mlEnglish · 7 months agoReddit chooses New York Stock Exchange for long-stalled IPOwww.ft.comexternal-linkmessage-square19fedilinkarrow-up157arrow-down120 cross-posted to: [email protected]
arrow-up137arrow-down1external-linkReddit chooses New York Stock Exchange for long-stalled IPOwww.ft.comardi60@reddthat.com to Technology@lemmy.mlEnglish · 7 months agomessage-square19fedilink cross-posted to: [email protected]
minus-squarePons_Aelius@kbin.sociallinkfedilinkarrow-up0arrow-down1·7 months ago and might even get better I honestly doubt it. I don’t think it is possible for reddit to be profitable in anything like its current form. Twitter, before the EM implosion, had managed one profitable year in the last decade. Reddit has about 2 orders of magnitude less users than twitter. Those users are much less attractive to advertisers because reddit knows fuck all about them compared to twitter. Reddit surfed through the years of cheap vc money but going public could kill it.
I honestly doubt it. I don’t think it is possible for reddit to be profitable in anything like its current form.
Twitter, before the EM implosion, had managed one profitable year in the last decade.
Reddit has about 2 orders of magnitude less users than twitter.
Those users are much less attractive to advertisers because reddit knows fuck all about them compared to twitter.
Reddit surfed through the years of cheap vc money but going public could kill it.