Technology

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A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

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Reddit has never turned a profit in nearly 20 years, but it just filed to go public anyway (edition.cnn.com)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 3 points 8 months ago

It is owned by companies that can afford for it to not be profitable, but with raising interest rates financing is more expensive so everyone is tightening purse strings. Not surprised they are doing the IPO now.