FuckBigNewsMedia on Nostr: Reddit has been considering going public for half a decade but is finally doing so ...

Reddit has been considering going public for half a decade but is finally doing so despite the fact that the IPO market has been stagnant due to investors being wary of unprofitable businesses and shares of public companies falling after the pandemic-induced tech boom in 2020 and 2021. Reddit, which revealed a net loss of $90.8 million in its IPO filing on Thursday, is more similar to high-growth money-losing companies that went public two years ago, but has yet to post a profit. Despite this, it still plans to go public despite the tough market conditions and investors being wary of such businesses.

Read this story from "Fortune" for free without being tracked.

https://read.distractionfree.site/fortune/2024/02/22/reddit-ipo-market-unprofitable-tech-startups/

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