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.

  • cyruseuros@lemmy.ml
    link
    fedilink
    English
    arrow-up
    17
    ·
    edit-2
    8 months ago

    You keep telling the next investor it’ll be profitable soon. I believe the guy that came up with this scheme first went to prison or something, but afterwards we all collectively decided we were cool with it.

    • whoscheckingin@lemmy.ml
      link
      fedilink
      English
      arrow-up
      8
      ·
      8 months ago

      That’s why they need to go public in the first place. Investors are like it’s right now or you’re shutting down, no more free money for you.