Reddit is Open to the Public! — @generous on read.cash

@generous 19 December 2021 more from that month

Reddit is Open to the Public! Reddit, a social platform founded in June 2005, went public on Wednesday, December 15. Reddit submitted a confidential S-1 to the U.S. Securities and Exchange Commission (SEC) declaring its desire to go public. According to the SEC's rules, stock and price information cannot be provided for a period of time until a company has set an IPO date. The development confirmed the claims of Reddit to go public. The popular platform received an investment of $ 700 million in the Fundraising round it launched in August 2021, and the value of the Reddit company has exceeded $ 10 billion. In Reddit's filing with the SEC: "The IPO is scheduled to take place after the SEC completes its review process, which is dependent on market conditions and several other conditions." As stated. The company generated $100M in revenue from ads in Q2 2021. This represents an increase of about 200%. #Reddit

2 comments

@Lavinada88 19 December 2021

Thanks for letting me know
@Quarts 19 December 2021

It is a very unknown but very effective platform. It replaced the old generation forums. Its value will continue to increase. It's a very effective platform. Particularly, the effectiveness of groups created on digital currencies is worth seeing.