Reddit Advised to Target at Least $5 Billion Valuation in IPO (www.bloomberg.com)
from L4s@lemmy.world to technology@lemmy.world on 28 Jan 2024 22:00
https://lemmy.world/post/11305675

Reddit Advised to Target at Least $5 Billion Valuation in IPO::Reddit Inc. is weighing feedback from early meetings with potential investors in its initial public offering that it should consider a valuation of at least $5 billion, according to people familiar with the matter, even as it is estimated below that figure in the volatile market for shares of private companies.

#technology

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white_shotgun@aussie.zone on 28 Jan 2024 22:05 next collapse

Why is there so much paywalled garbage on lemmy?

Max_P@lemmy.max-p.me on 28 Jan 2024 22:18 collapse

L4s is a bot and it seems to source from a lot of the mainstream journals that all have those stupid paywalls.

I guess people are just expected to have a solid ad blocker these days.

Also I think a fair chunk of those sites let you read the article if you’re coming from Twitter/Reddit but that doesn’t work on Lemmy.

white_shotgun@aussie.zone on 28 Jan 2024 22:47 collapse

Thanks for the explanation.

kittenzrulz123@lemmy.world on 29 Jan 2024 11:47 collapse

Ok? Good for them I guess?

JoBo@feddit.uk on 29 Jan 2024 17:44 collapse

Not really.

The valuations under consideration demonstrate the extent of tech’s retreat from the heady days of the private funding boom that peaked in 2021. Reddit raised funds that year at a $10 billion valuation, and could potentially have been valued as much as $15 billion in an IPO, Bloomberg News reported in 2022.

I’d like to think we all had a little bit to do with it also.

kittenzrulz123@lemmy.world on 29 Jan 2024 21:38 collapse

I mean who cares?