Reddit is doing an IPO

[jag]

This part of IPO's I can not comprehend,Reddit they say has not made a profit in 20 years. Most if not all business that do not make a profit can not survive let alone go public.

https://www.cnn.com/2024/02/23/tech/red ... index.html

[pokerking]

Reddit is fun just not for adult promotion.

[ispdn]

It is not about the earnings but the future potential investors see coming that they bet on.

[BrasSmonkey]

it's full of staff attacks and bannings! they are trying to move in on facebook. i flamed their ass!!!!

[shoopa]

Money will be made it always is with going public

[Emil]

Reddit is good for mainstream traffic

[urbanlegend]

If Reddit management was smart they would say yes to porn content.

[born2bewild]

If Reddit management was smart they would say yes to porn content.

So not happening now

[XpressPete]

My advice to them, open up the site to adult content just as X 'formerly Twitter' does.

[TheButcher]

OpenAI's Sam Altman stands to make serious coin on this IPO.


"OpenAI CEO Sam Altman has emerged as a key figure in Reddit’s upcoming initial public offering (IPO), holding a significant stake in the social media platform. Altman, known for his leadership at OpenAI and his investments in various technology ventures, controls an 8.7% stake in Reddit, positioning him as the site’s third-largest shareholder. According to The Street, with an IPO valuation of around $5 billion, Altman could make as much as $435 million on the deal.

A recent report by Business Insider shows that many of these shares aren't personally owned by Altman but are beneficially managed through funds, and he only personally owns about $60 million."


https://finance.yahoo.com/news/openai-c ... 10888.html

[jag]

OpenAI's Sam Altman stands to make serious coin on this IPO.


"OpenAI CEO Sam Altman has emerged as a key figure in Reddit’s upcoming initial public offering (IPO), holding a significant stake in the social media platform. Altman, known for his leadership at OpenAI and his investments in various technology ventures, controls an 8.7% stake in Reddit, positioning him as the site’s third-largest shareholder. According to The Street, with an IPO valuation of around $5 billion, Altman could make as much as $435 million on the deal.

A recent report by Business Insider shows that many of these shares aren't personally owned by Altman but are beneficially managed through funds, and he only personally owns about $60 million."


https://finance.yahoo.com/news/openai-c ... 10888.html

Sam Altman is a very smart man he deserves the good fortune.

[CanadianChick]

OpenAI's Sam Altman stands to make serious coin on this IPO.


"OpenAI CEO Sam Altman has emerged as a key figure in Reddit’s upcoming initial public offering (IPO), holding a significant stake in the social media platform. Altman, known for his leadership at OpenAI and his investments in various technology ventures, controls an 8.7% stake in Reddit, positioning him as the site’s third-largest shareholder. According to The Street, with an IPO valuation of around $5 billion, Altman could make as much as $435 million on the deal.

A recent report by Business Insider shows that many of these shares aren't personally owned by Altman but are beneficially managed through funds, and he only personally owns about $60 million."


https://finance.yahoo.com/news/openai-c ... 10888.html

I had no idea Sam Alman was that well off,good for him.

[GlennfromLA]

My advice to them, open up the site to adult content just as X 'formerly Twitter' does.

Not a chance in hell they will not want to be associated with porn now that they are doing an IPO.

[badkitty]

Nothing will change if you are hoping they will go pro-adult after the ipo I doubt it.

[Leatherman]

Nothing will change if you are hoping they will go pro-adult after the ipo I doubt it.

My thinking too