this post was submitted on 18 Jan 2024

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Reddit seeks to launch IPO in March (www.reuters.com)

submitted 8 months ago by Hooverx@lemm.ee to c/worldnews@lemmy.ml

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[–] Pons_Aelius@kbin.social 13 points 8 months ago* (last edited 8 months ago)

They are about 2 years too late.

The rise in interest rates and the end of easy VC money has swung the dial back to: Companies actually need to generate profit and not just show user growth to be attractive to investors.

The IPO will not go as spez dreamed for so long.