this post was submitted on 11 Mar 2024
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369
Reddit wants to raise $748M with IPO, sets value at $6.4B (go.theregister.com)
submitted 10 months ago by [email protected] to c/technology
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[–] agitatedpotato 85 points 10 months ago* (last edited 10 months ago) (2 children)

"Website that never made a profit thinks it's worth over 6 billion dollars. Yes US dollars."

[–] [email protected] 20 points 10 months ago (1 children)

I'd laugh about this but then I remember that someone recently bought Yahoo for $5B

[–] RGB3x3 5 points 10 months ago (2 children)

Who's the moron that bought Yahoo for that much? Anybody using yahoo mail is going to be dead or not need email in 10 years and yahoo answers doesn't exist anymore.

So what value could that company possibly have?

[–] Thteven 12 points 10 months ago (1 children)

Hey I still have an active yahoo email address and I'm gonna have to ask you to get the fuck off my lawn.

[–] ripcord 1 points 10 months ago

I still use Yahoo weather and Finance

[–] Wrench 7 points 10 months ago (2 children)

I don't know the current trends, but yahoo was a powerhouse in Asia for a very long time. The primary search engine, news, Email provider.

[–] [email protected] 1 points 10 months ago

Separate business that licenses the trademark, and they still use Google instead of Bing!

[–] [email protected] 10 points 10 months ago

More like $599 US dollars. Riiiiidge Racer!