Reddit's cofounder said that at first the company felt like 'a homework assignment that got out of hand' rather than a business
www.businessinsider.com
Reddit's cofounder Steve Huffman said in its early days he filled up most of the site with content using different accounts until it got more users.

Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.

  • AwkwardLookMonkeyPuppet
    49•11 months ago

    15 billion? Lol, wow. That’s about 14.5 billion more than I’d say they’re worth.

    • @LemmyKnowsBest
      13•11 months ago

      You think they’re even worth half a billion?

      • @TangledHyphae
        8•11 months ago

        Good point, it’ll be good to see their public revenue sheets when they reach that point, 500 mil seems like a lot for the site but it is global so maybe there’s more cash flow outside the US.