Quote from Ndubuisi Ekekwe on March 18, 2024, 1:41 PM

This is a great path to the mountaintop. Yes, Reddit is going public on the wheels of its users:

Reddit's initial public offering, expected this week, is four to five times oversubscribed, Reuters reports, citing anonymous sources. That indicates the social platform is likely to hit a hoped-for valuation of $6.5 billion in its market debut. Founded in 2005, the company has never been profitable. It's aiming to raise $748 million and reserving a tranche of shares for its users. Just ahead of the IPO, Reddit disclosed that the Federal Trade Commission has launched an inquiry into its licensing of user-generated content for training artificial intelligence models.