Reddit hasn’t turned a profit in nearly 20 years, but it just filed to go public anyway: "company’s largest shareholders are now Advance Publications (30.1%), which owns Condé Nast, Chinese tech company Tencent (11%) and OpenAI CEO Sam Altman (8.7%) ... and Huffman, who now owns 3.3% of the company"

submitted by neolib from edition.cnn.com

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[–]Goingoutforawalk 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

I'd be happy if their stock only reached junk status.

[–]WoodyWoodPecker 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Bought out by the Chinese for pennies a share.