Reddit Inc. is weighing feedback from early meetings with potential investors in its initial public offering that it should consider a valuation of at least $5 billion, according to people familiar with the matter, even as it is estimated below that figure in the volatile market for shares of private companies.
$5 Billion for a chronically unprofitable, niche social media platform in an already crowded field. Yeah, Ok. You’d get a better return on your investment if you just burned the money for heat.
$5 Billion for a chronically unprofitable, niche social media platform in an already crowded field. Yeah, Ok. You’d get a better return on your investment if you just burned the money for heat.
“niche” website in a crowded field…that is also the top 9th most visited website in the world, above tik tok.
https://en.m.wikipedia.org/wiki/List_of_most-visited_websites
What’s Reddit?