But hopefully this will provide us with another folded ideas video.
Comment on Reddit wants to raise $748M with IPO, sets value at $6.4B
NuXCOM_90Percent@lemmy.zip 3 months ago
6 billion seems REAL high
But reddit, like twitter, has demonstrated it is a brand/service (just service in the case of xitter) that people are addicted to and will not quit. And stuff like AMAs and astroturfing demonstrate it has a lot of marketability.
Combine that with it being a treasure trove for LLM training and I could easily see it pulling 2-4 billion. More if the FOMO model works out for them and they have /r/wallstreetbets do another “the greatest act of democracy in all of human history” or whatever the tagline for rich people to convince idiots to help them manipulate stock prices.
massive_bereavement@kbin.social 3 months ago
KingThrillgore@lemmy.ml 3 months ago
The issue is every mintue Spez has been at the helm, they’ve actively crashed any positive value the brand has had. It’s been dead man walking before the IPO, which is not how you want your exit to go.