Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.
Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.
Hope it fails and Steve Huffman gets fired
He has zero interest in Reddit past the IPO. Even if it bombs, he’s gonna make a fortune. If it sells for 1% of that 15 billion valuation it’ll have grown 15x in value since it was sold in the 2000s.
He’s no longer a 50 percent owner, but he’s going to do well in this no matter what, and will never need to work another day in his life.
Does he even need to work now?
If the IPO succeeds reddit will turn into a trash can even faster.
I would probably get way richer after so I don’t think he would care too much.