Reddit Falls Short of Ad Growth Targets Ahead of Likely 2024 IPO
Reddit Falls Short of Ad Growth Targets Ahead of Likely 2024 IPO
If the market for initial public offerings recovers in the new year, one company that aims to go public early on is Reddit. An IPO will put the spotlight on the prospects for Reddit’s advertising business, which has fallen short of ambitious growth targetsoutlined by executives two years ago. ...
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Purely as an investor: if they can sustain that revenue growth the IPO will be a smash.
Never invest in companies you love or you won’t exit when you should.
A previous employer gave shares to anyone that stayed 5 years after their IPO. I bought some more through their employee discounted buying program. The share price is less than half what they opened with.
I loathe the company and the people who run it because they are psychopaths that will not take no for an answer. That's also why I never plan on selling those shares. They will be successful, and in 30 years when they are ruthless industry leading monopolistic psychopaths, and those shares have split a few times, I'm going to have a nice little nest egg.