Reddit has never turned a profit in nearly 20 years, but filed to go public anyway::Reddit, the message board site known for its chronically online userbase and for originating much internet discourse, filed for its long-anticipated initial public offering on Thursday.
Because the stock market is a scam and whoever is valuing these companies so high is clearly in on it. Any company that has no profit
isshould be worth nothing in an IPO.Edit: strikethrough, to be more clearly an opinion.
If a business was actually losing money for 20 years straight then how does it continue to grow? Think about Amazon and how long it wasn’t profitable despite being one of the largest businesses ever in recorded history.
It’s a business scam that’s a legal way of pay significantly less taxes than they normally would.
I envy people with the bravery to speak passionately about something they don’t understand at all.
I love that phrase. Edited to express that my statement was an opinion.
How much is it worth for the power to push an agenda onto 850,000,000 people?
Subjective. To whom? That’s the big question. When valuing a company, logically you look at the books. If the books say they cannot survive without continuous investment, they’re not a good financial investment.
You cannot measure the value of Reddit having a lot of users who could, in theory, leave at any moment. It’s not something that can have a value. Therefore it’s made up.