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@jeze@lemm.ee to Technology@lemmy.worldEnglish • 1 year ago

Reddit wants to raise $748M with IPO, sets value at $6.4B

go.theregister.com

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Reddit wants to raise $748M with IPO, sets value at $6.4B

go.theregister.com

@jeze@lemm.ee to Technology@lemmy.worldEnglish • 1 year ago
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Time to start spamming those reposts: Top users are getting early access to 1.76 million shares
  • @merc@sh.itjust.works
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    13•1 year ago

    I don’t know about “insanely”.

    It’s not in the top 10 globally. It gets less traffic than Yahoo or Yandex.

    https://www.similarweb.com/top-websites/

    Compared to other social media it’s below Facebook, Instagram and even the dying Twitter. It might get more traffic than TikTok (which seems off to me) but unlike Reddit and Twitter, TikTok knows how to make money. Reddit has never made money, but the pitch to investors is apparently “as soon as we go public, we’ll be in the black, trust me bro”.

    • @v9CYKjLeia10dZpz88iU@programming.dev
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      2•1 year ago

      Yandex is not that popular in the United States, their data collection seems wrong. Semrush ranks reddit #3 in the US.

      • @merc@sh.itjust.works
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        5•1 year ago

        More traffic than Facebook, Instagram, Tiktok, Amazon, etc? That seems unlikely. Maybe they’re not counting any traffic from apps? If so, that isn’t all that useful.

        • @v9CYKjLeia10dZpz88iU@programming.dev
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          1•
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          1 year ago

          These statistics are only as good as their method of data collection.

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