this post was submitted on 07 Jan 2024
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.

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In unsurprising news, Reddit prepares IPO (www.businessinsider.com)
submitted 10 months ago by cygnus@lemmy.ca to c/snoocalypse@lemmy.ml
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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.

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[โ€“] Fuck_u_spez_@sh.itjust.works 5 points 10 months ago (1 children)

Plans? I'd almost be surprised if they weren't already.

[โ€“] Crack0n7uesday@lemmy.world 3 points 10 months ago

I don't know how far along they are but I know it's why they restricted API access for mobile web apps.