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Forced Reddit IPO

Reddit raised funds at $10 B valuation and were planning to pump and dump at $15 B valuation. Investors (Banks) are forcing Reddit to IPO at $5 B valuation which seems reasonable for NSFW website. Employees are severely underwater in equity so please don’t make congratulations post for reddit millionaires as they’re gonna diamond 💎 🙌 like a true bag holders of r/wallstreetbets Thoughts? #reddit

@Meta@Google@Amazon
PwC sqrtlsqd Jan 29

Leaving employees as bag holders, what will those Wall Street banks think of next lol

Salesforce ⛱️Anon8888⛱️ Jan 29

Reddit is a weird company. Joining it takes a lot of confusion and inevitably results in a lot of frustration.

Mailchimp joyuvf OP Jan 29

Easy to join if your hair colour is either red/blue/green and use your pronouns properly to vibe with company culture

Reddit fkyrhndv Jan 30

Our culture isn’t like that at all, just FYI

Meta vivek4pres Jan 29

Their ads are getting pretty good now. Surprised they're not doing well.

Mailchimp joyuvf OP Jan 29

Temu ads?

Meta vivek4pres Jan 29

No. I saw some pretty good targeted ads based on subreddit subs. I don't know how good their convertion tracking is. It's probably ass after apple ATT

Snap grunder Jan 29

Fix you app and your ads and then IPO.

Lattice Engines XHiM44 Jan 29

Curious how many people use Reddit less and x more now? Feels like Reddit sucks more now after the 3rd party app ban, and x is way more fun to browse.

Meta vivek4pres Jan 29

The mods have too much power. But they can't rein them in without hiring an army of moderators so they just tolerate it.

Reddit b14s6t Jan 30

DAU up 20% YOY, publicly released in Nov 2023. Third party app usage is a rounding error for both non lurkers and mods

Health Fidelity broplinn Jan 29

Their recommendations algorithm is pure garbage. Can some MLEs join them and fix that up pls

Salesforce ⛱️Anon8888⛱️ Jan 29

Reddit is one of the few last strongholds for DEI and social justice. No way they will fix the recommendation algorithms any time soon.

Airbnb itgj Feb 4

lol

Meta bhnsdk Jan 29

It’s not even worth 500 million

Reddit snoo007 Jan 30

lol, authority speaks

Amazon Cara+Finn Jan 29

They’re not bag holders at all. They go from having a paper with a big number written on it, but that is unsellable - to a paper with a slightly smaller number that they can transform into cash within seconds.

Flagged by the community.
Reddit fkyrhndv Jan 30

Bunch of idiot snarks in this thread.