Reddit's debut will mark the first major tech initial public offering of the year and the first social media IPO since Pinterest went public in 2019.

Social media company Reddit filed its IPO prospectus with the Securities and Exchange Commission on Thursday after a yearslong run-up. The company plans to trade on the New York Stock Exchange under the ticker symbol “RDDT.”

Reddit said it had $804 million in annual sales for 2023, up 20% from the $666.7 million it brought in the previous year, according to the filing.

The company said it has incurred net losses since its inception. It reported a net loss of $90.8 million for the year ended Dec. 31, 2023, compared to a net loss of $158.6 million the year prior.

Its market debut, expected in March, will mark the first major tech initial public offering of the year. It’s the first social media IPO since Pinterest went public in 2019.

Reddit first filed a confidential draft of its public offering prospectus with the Securities and Exchange Commission in December 2021.

  • queerly_hot@kbin.social
    1929·
    4 months ago

    pedophile femboy

    you don’t need to continue this bigoted line against queer people, intentional or not.

    • LufyCZ@lemmy.world
      346·
      4 months ago

      Are you actually serious?

      If you read the whole thing, it’s clearly supposed to be a mashup of different aspects of reddit.

      • Chef@sh.itjust.works
        39·
        4 months ago

        I’m the original commenter.

        While you found my intention to be pretty clear, I can also understand the responder’s concern.

        I’ve never had to live my life being called a pedo because of my sexual or gender identity. It must be exhausting to have to constantly defend yourself against those awful accusations.

        I can empathize with someone seeing those two words together and getting upset.

        • j_robyEnglish
          16·
          4 months ago

          This is a wonderfully levelheaded response.

            • Rentlar@lemmy.ca
              6·
              4 months ago

              Sometimes it’s better to do it that way, to address a powderkeg comment downthread than directly respond to it.

            • j_robyEnglish
              5·
              4 months ago

              You’re not wrong, and maybe they should have initially responded to the person who called them out. But this whole conversation could’ve turned into a dumpster fire in a number of different ways.

              I believe the response given was absolutely worth commending. It showed compassion and maturity - things that are all too often lacking in internet discourse.

        • Miaou@jlai.lu
          23·
          4 months ago

          I cannot emphasise with a person too dim to understand context however