Where Reddit differs among its tech peers is in its striking dependence on its user base to keep things operational. Reddit must keep its users satisfied and its efforts to expand its limited (and already unpopular) advertising formats could send users packing. 98% of Reddit’s revenue is made up of advertising income. And of that, 26% came from just 10 ad clients in 2023. Investors will be watching this closely and expect more diversity sooner rather than later
Relax everyone. Reddit has been “in the works of an IPO” for like eight years.
If it hasn’t happened yet, it’s never going to happen.
https://www.npr.org/2024/02/22/1233245941/meet-rddt-popular-social-platform-reddit-to-sell-stock-in-an-unusual-ipo
I don’t know if you saw this. They are filing on the NYSE to do an IPO, seems like it’s actually happening this time?
Well, shit. If that’s the last nail in the coffin, I’ll be the first one at the funeral with the hammer.