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Reddit’s IPO Filing Shows Lots Of Losses After Nearly 20 Years (www.forbes.com)

submitted 8 months ago by Clbull@lemmy.world to c/technology@lemmy.world

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[–] EndOfLine@lemmy.world 147 points 8 months ago (14 children)

There are 54 pages of risk factors, which, after reading many S-1 filings over the years, seems pretty long. One of the most notable is the sentence, “We have incurred substantial losses during our history and may never achieve profitability.”

Well that doesn't sound very promising for them.

[–] AbidanYre@lemmy.world 76 points 8 months ago (3 children)

may never achieve profitability.

I'm not an expert or anything, but that doesn't sound like a very good investment.

[–] solidgrue@lemmy.world 13 points 8 months ago (1 children)

You could short it...

[–] Icalasari@kbin.social 11 points 8 months ago

I think that's Spez's plan

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