Current Events > Reddit files to go public. It was most recently valued at $10 Billion

(+) Yeah! (+)

https://www.hollywoodreporter.com/business/digital/reddit-ipo-sec-filing-1235063578/

Reddit has submitted a confidential registration statement with the SEC as the company prepares for a public offering in the new year. The company has not yet determined how many shares or at what price its common stock would be offered at, according to an announcement released Wednesday evening by Reddit. Co-founded by Alexis Ohanian and currently led by CEO Steve Huffman, Reddit was most recently valued at $10 billion in an August fundraising round led by Fidelity Management and Research Company LLC. At the time, Reddit said it had hit the $100 million mark in advertising revenue during its second quarter and sought out the funding to help boost the companys international expansion and advertising offerings.

The company said it had 52 million daily active users last year but has not publicly released an updated figure since then. According to a September report from Reuters, Reddit is targeting a $15 billion valuation at the time of its IPO, which is expected to take place early next year following SEC review.

For profit social media is one of the worst things in modern times.

I'll be in the IPO since it's a good investment

Can't wait for the site to get progressively worse with ads and censoring

Reddit is huge, $10 bil seems like a pretty low estimate I think

Huffman straight-up running the site into the ground

So is Gamefaqs the Myspace of message boards and Reddit is the Facebook?

What did Gamefaqs do to squander the years head start over other forums?