Comment on Reddit guides IPO may price at top of range or above, source says
tsonfeir@lemm.ee 6 months agoWhich would be good considering they can’t make a profit. Although, I wonder how that makes them worth anything. The intricacies of legalized gambling and money laundering escapes me.
ColeSloth@discuss.tchncs.de 6 months ago
They’re making money. It’s just not a really high amount.
mark3748@sh.itjust.works 6 months ago
It’s quite literally in the disclosures and the article you are commenting on. They lost $151MM in 2022 and $90MM in 2023.
rambaroo@lemmynsfw.com 6 months ago
Source? All the ones I can find say they’re still losing money. 800M in revenue but 940M in expenses for 2023. marketwatch.com/…/reddits-ipo-raises-questions-ab…