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.
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.
Genuine question: how can a website that’s never turned a profit be worth $15 billion dollars?
Because now it’s sanitized for capitalism’s protection.
Does that mean now it will start generating profit?
Most people still aren’t paying for it though.
Advertisers do.