Reddit will offer shares in its IPO at issue price to 75,000 of its most active users
The_v @ The_v @lemmy.world Posts 1Comments 541Joined 2 yr. ago
The_v @ The_v @lemmy.world
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I am laughing the valuation of Reddit right now on Reuters. 10 billion.
https://www.reuters.com/technology/reddit-raise-700-million-over-10-billion-valuation-2021-08-12/
How the fuck to they dream up there numbers.
Last quarter they made 100 million from advertising revenue. Thats a maximum gross income of 400 million a year. Last year the same time they made around 30 million.
If they maintain the 100 million income revenue, that's only 400 million per year. It will take 25 years to generate 10 billion gross income.