Reddit gets ready for IPO, setting a top valuation of $6.4 billion
Reddit gets ready for IPO, setting a top valuation of $6.4 billion
What's next: Reddit is likely to go public next week.
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20 comments
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$6.4 billion for a company that has never turned a profit in the last 18 years? Lol
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Yes, seems delusional at best
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Well nothing new for Huffman to be delusional and out of touch. Affluenza afflicted ass.
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This is quite common on the wall street. Companies are in the business of selling stock, not making money on the free market.
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I’m pretty sure the leadership just wants to cash out ASAP.
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Otherwise they might aim even higher like Twitter did.
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Honestly I think he's gonna sell Reddit as soon as he can get a decent enough offer. It's a sinking ship already.
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A hammer doesn’t turn a profit either. Its a tool used for a purpose.
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A hammer is not a company that has created and maintained a product platform that requires a cash-flow to keep funding development and keep the servers up.
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I was intending to use it as a metaphor. Meteors usually are not the exact thing they describe. Its goal doesn’t have to be a thing that turns a profit, when it can be used as a tool in other ways. I didn’t do a good enough explanation of my meaning
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Jim Cramer, that you?
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I get the other responses as i wasn’t very clear on my meaning, but this confuses me.
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Ah was joke reference to the Mad Money tv show stock investor guy, who notoriously has a following of people who invest the opposite of what he recommends
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A hammer is a tool to be used to smash my testicles into a paste
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20 comments