If the market for initial public offerings recovers in the new year, one company that aims to go public early on is Reddit. An IPO will put the spotlight on the prospects for Reddit’s advertising business, which has fallen short of ambitious growth targetsoutlined by executives two years ago. ...
  • RubberElectrons@lemmy.worldEnglish
    14·
    11 months ago

    These morons will try though, their strategy invariably seems to be building the Jenga tower as high as possible, thinking they’ll be “quick” or “smart” enough to sell their shares before it tumbles.

    It’s gambling, but with people’s livelihoods.

    • AutistoMephisto@lemmy.worldEnglish
      2·
      11 months ago

      I can’t wait for all the news articles about the massive layoffs at Reddit, though it will be sad to see the massive droves of employees shuffling out the door with their personal effects like they did when the Enron scandal broke.

    • AutistoMephisto@lemmy.worldEnglish
      1·
      11 months ago

      I can’t wait for all the news articles about the massive layoffs at Reddit, though it will be sad to see the massive droves of employees shuffling out the door with their personal effects like they did when the Enron scandal broke.