Is Reddit’s IPO worth it? The social media site is aiming to go public “out of necessity,” says Northeastern finance expert (2024)
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What’s the value for a social media site like Reddit to go public?
Reddit put its valuation at about $6.5 billion, but it hasn’t turned a profit since its founding. Does that valuation make sense, and how did it come up with that number?
Is Reddit’s deal with Google a big new revenue stream?
Last year Reddit faced backlash for starting to charge for access to its APIs. In response, a number of subreddits went dark and there has been some bad blood toward the company. There’s also some animosity from some Reddit users that their chat logs are going to be trained on AI. Could this controversy and the negative press around Reddit have an impact on the IPO?
Reddit is giving some Reddit users the opportunity to buy shares into the IPO. I read that was an unusual move. The company said it did it to give users some ownership of the IPO. Can you speak on the significance of that?
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