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Reddit has never turned a profit in nearly 20 years, but filed to go public anyway (www.cnn.com)

submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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.

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[-] ininewcrow@lemmy.ca 29 points 8 months ago

But it isn't gambling ... It's managed and calculated financing in companies that need the investment in order to grow

I'm kidding, this is sarcasm .. the stock market is a freakin casino with built in cheats and frauds that favor the rich and wealthy.

this post was submitted on 24 Feb 2024

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