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Reddit wants to raise $748M with IPO, sets value at $6.4B
(go.theregister.com)
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this post was submitted on 11 Mar 2024
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I've never seen the view of an IPO so heavily affected by bias. Superusers hate Reddit but so what - what matters is whether soccer moms are scrolling and being shown ads. No one cares that the most costly users are unsatisfied. You and me both are nothing to investors.
Is there some objective analysis of this IPO? All I'm seeing is "I'm a superuser who spent a lot of time on Reddit in 2007 and it was far superior back then. The stock will tank."
Yeah, reddit is astroturfed to hell and back. unless its something programming, the idiots on reddit are usually wrong.