this post was submitted on 07 Jan 2024
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.

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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.

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[โ€“] CancerMancer@sh.itjust.works 2 points 10 months ago

The only reason some groups can afford to short stocks is because they expect government bailout if they screw up.

That and they can just kick the can down the road forever, theoretically.