What’s next: Reddit is likely to go public next week.

      • banghida@lemm.ee
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        9 months ago

        This is quite common on the wall street. Companies are in the business of selling stock, not making money on the free market.

    • DarkThoughts@fedia.io
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      9 months ago

      Honestly I think he’s gonna sell Reddit as soon as he can get a decent enough offer. It’s a sinking ship already.

      • Aphelion@lemm.ee
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        9 months ago

        A hammer is not a company that has created and maintained a product platform that requires a cash-flow to keep funding development and keep the servers up.

        • WraithGear@lemmy.world
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          9 months ago

          I was intending to use it as a metaphor. Meteors usually are not the exact thing they describe. Its goal doesn’t have to be a thing that turns a profit, when it can be used as a tool in other ways. I didn’t do a good enough explanation of my meaning

          • HootinNHollerin@lemmy.world
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            9 months ago

            Ah was joke reference to the Mad Money tv show stock investor guy, who notoriously has a following of people who invest the opposite of what he recommends