Reddit Inc. is weighing feedback from early meetings with potential investors in its initial public offering that it should consider a valuation of at least $5 billion, according to people familiar with the matter, even as it is estimated below that figure in the volatile market for shares of private companies.
  • infinitepcg@lemmy.world
    1·
    11 months ago

    I don’t think the number of bots matters much, there are much more real people on Twitter than on Mastodon. It’s not an issue for Twitter because they already are the platform where everyone else is. I’m optimistic about Mastodon, it already has the better UX and the better business model and I think it will slowly attract more users over time and eventually reach the relevance that Twitter had at its peak.

    • Neuromancer@lemm.ee
      1·
      11 months ago

      and twitter wasn’t worth 44 billion dollars. They also were not profitable.

      Reddit is not worth 5 billion dollars. A few years ago they claimed 10 billion.

      People need to stop assigning such high valuations as this is what creates billionaires when the value isn’t there.

      • infinitepcg@lemmy.world
        1·
        11 months ago

        It’s hard to tell how much a platform is worth, arguably the value of Twitter was 44B, since someone was willing to pay that.

        The good news is, if you’re really certain that Reddit is overvalued, you’ll soon be able to short it and get rich if you end up being right!

        • Neuromancer@lemm.ee
          1·
          11 months ago

          I don’t short stocks. I invest in companies I believe in and that provide value. That’s why I won’t invest in Reddit. I don’t believe in the company or the people running it. I have a few odd ball stocks like Google that I don’t believe in but overall they treat their employees well and they have a plan for success. I’m a big fan of their 5% policy. I just overall don’t like their model.

          • infinitepcg@lemmy.world
            1·
            11 months ago

            I think it’s reasonable to not short stocks. I just find it a bit weird to see people confidently proclaim that a company is overvalued, but than not shorting the stock, which would be the rational thing to do.

            • Neuromancer@lemm.ee
              2·
              11 months ago

              It’s gambling and not investing. If I thought it was valued properly, I’d invest in the company. I don’t as such I won’t invest in the company.

              I don’t gamble with my money. I invest in companies long term