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SNOOcalypse - document, discuss, and promote the downfall of Reddit. @lemmy.ml Lvxferre @lemmy.ml

Reddit might once again be flirting with an IPO

techcrunch.com Reddit might once again be flirting with an IPO | TechCrunch

The San Francisco-based company, co-founded by Steve Huffman, Aaron Swartz and Alexis Ohanian in 2005, could go public as early as Q1.

Reddit might once again be flirting with an IPO | TechCrunch

IPO = Initial Public Offering, where shareholders offer to sell their shares to the public, shifting a company from a "private company" (it belongs to me, you, and that guy) to a "public company" (it belongs to anyone who pays enough for the shares).

The userbase has been always touchy when it comes to IPO, and rightfully so; they know that the new owners will only care about squeezing the platform dry. As such, I predict a new flood of Redditfugees to Lemmy and Kbin.

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