this post was submitted on 07 Jan 2024
454 points (95.4% liked)

SNOOcalypse - document, discuss, and promote the downfall of Reddit.

1337 readers
1 users here now

SNOOcalypse is closing down. If you wish to talk about Reddit, check out [email protected], [email protected] and [email protected].

This community welcomes anyone who wants to see Reddit gone. Nuke the Snoo!

When sharing links, please also share an archived version of the target of your link.

Rules:

  1. Follow lemmy.ml's global rules and code of conduct.
  2. Keep it on-topic.
  3. Don't promote illegal stuff here.
  4. Don't be stupid, noisy, obnoxious or obtuse (S.N.O.O.)
  5. Have fun, and enjoy the popcorn! 🍿

founded 2 years ago
MODERATORS
[email protected]
454
In unsurprising news, Reddit prepares IPO (www.businessinsider.com)
submitted 11 months ago by [email protected] to c/[email protected]
162 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 54 points 11 months ago

"I submitted most of the content for the first couple of months myself — I had all these different accounts… and sometime in August was the first day that I didn't submit any content. Real users did. And literally every day since then, Reddit has been bigger than I ever thought it would be." -Steve Huffman

So there you have it, all of you single instance users, don't fret! Reddit didn't become popular in a day, it was mostly Spez posting to himself.

As far as the IPO goes, I've left Reddit so it can succeed or crash and burn, I care little at this point.