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

4672 readers

1 users here now

SNOOcalypse is closing down. If you wish to talk about Reddit, check out !reddit@lemm.ee, !reddit@lemmy.world and !RedditMigration@kbin.social.

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When sharing links, please also share an archived version of the target of your link.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

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

founded 1 year ago

MODERATORS

lvxferre@lemmy.ml

476

In unsurprising news, Reddit prepares IPO (www.businessinsider.com)

submitted 10 months ago by cygnus@lemmy.ca to c/snoocalypse@lemmy.ml

179 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

[–] NotMyOldRedditName@lemmy.world 1 points 10 months ago* (last edited 10 months ago)

I don't think there's any problems with doing it, as long as they aren't claiming otherwise.

If they lie about it it becomes fraud.

Edit: And what are they going to do once asked on a public earnings call? Lie?

Edit: Falsely posting stuff might also open up a can of worms around the site no longer being protected by being user generated content?