Reddit Files to Go Public, in First Social Media IPO in Years
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Re: Reddit Files to Go Public, in First Social Media IPO in Years
#2Valuation of $5 billion would buy P/S 6.3 with negative P/E for 18 year old non-innovating company that is already in the second phase of enshittification.
Re: Reddit Files to Go Public, in First Social Media IPO in Years
#3The S-1 filing: https://www.sec.gov/Archives/edgar/data/1713445/000162828024...
Re: Reddit Files to Go Public, in First Social Media IPO in Years
#4The only thing that really has value at Reddit right now seems to be their giant archive of user generated posts. It is certainly going to be interesting come IPO day.
Re: Reddit Files to Go Public, in First Social Media IPO in Years
#5Valuation of $5 billion would buy P/S 6.3 with negative P/E for 18 year old non-innovating company that is already in the second phase of enshittification.
This seems like a last ditch effort to make it relevant again.
Re: Reddit Files to Go Public, in First Social Media IPO in Years
#6Valuation of $5 billion would buy P/S 6.3 with negative P/E for 18 year old non-innovating company that is already in the second phase of enshittification.
They might still pull it off anyway with their data play given AI hype
And by pull it off I mean original investors get out and someone else is left holding bag
Re: Reddit Files to Go Public, in First Social Media IPO in Years
#7The only thing that really has value at Reddit right now seems to be their giant archive of user generated posts. It is certainly going to be interesting come IPO day.
They had a free dataset containing data up to 2020: https://www.reddit.com/r/bigquery/comments/kyjqbt/there_used...
Reddit is 90% noise, a lot of the content is going to be "meme reply" type comments, to topics posted by karma bots.
Re: Reddit Files to Go Public, in First Social Media IPO in Years
#8Valuation of $5 billion would buy P/S 6.3 with negative P/E for 18 year old non-innovating company that is already in the second phase of enshittification.
They might still pull it off anyway with their data play given AI hype And by pull it off I mean original investors get out and someone else is left holding bag
It would be really surprising given that all of the data up to 2020 is already out there. They made a deal to give a firehose of data to an ai company and it was only for 60 million.
Re: Reddit Files to Go Public, in First Social Media IPO in Years
#9Earlier quoted context omitted.
They might still pull it off anyway with their data play given AI hype And by pull it off I mean original investors get out and someone else is left holding bag
It would be really surprising given that all of the data up to 2020 is already out there. They made a deal to give a firehose of data to an ai company and it was only for 60 million.
Yep. I don’t see how this is worth billions either but that seems to be the play.
Re: Reddit Files to Go Public, in First Social Media IPO in Years
#10$5B is definitely a lot more realistic than the $15B valuation they were targeting in 2022, but IMO Reddit is still not a sustainable business as it stands today. So many investors have had their money tied up for over a decade will little to no growth and are going to be scrambling for an exit on IPO day. Revenues are barely growing, losses are increasing. I don't see a rosy future for this stock.