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A lot of Redditors hate the Reddit IPO (www.theverge.com)

submitted 6 months ago by [email protected] to c/[email protected]

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[–] [email protected] 123 points 6 months ago (14 children)

Despite having been founded in 2005, the S-1 notes that Reddit is “in the early stages of monetizing our business and there is no assurance we will be able to scale our business for future growth.”

Did they seriously just say "although our company start 19 years ago, we only able to start figure out how to make money, and if you buy our stock, we can't guarantee our company will grow further and give you more profits."

Where's the plan, Stevie?

[–] [email protected] 64 points 6 months ago (11 children)

"there is no assurance we will be able to scale our business for future growth.”

Then why IPO? Lol.

Yes, we can't make money and can't grow. Invest pls?

[–] [email protected] 20 points 6 months ago* (last edited 6 months ago) (8 children)

These are very common things for CEOs to say because if they give assurances and it doesn't happen they get in trouble with the FTC.

If you see how often Reddit comes up in search results, you will understand the value of the data. Potentially the most valuable single source of information on the internet.

Of course, all of that means nothing as long as AI companies are allowed to suck up and regurgitate any publicly available info on the web for profit.

[–] [email protected] 9 points 6 months ago (1 children)

Potentially the most valuable single source of information on the internet.

I beg to differ, there's Wikipedia

[–] [email protected] 6 points 6 months ago

I did say "potentially". Wikipedia has a lot of factual information but no opinions or experiences or troubleshooting.

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