3 ms·
Must be .com bubble 2.0 if VCs will throw that much money at a company who can't monetize that many users after this many years. Not my money, so I don't care,
by jlarocco 8y ago
Must be .com bubble 2.0 if VCs will throw that much money at a company who can't monetize that many users after this many years.
Not my money, so I don't care, but I do really have to wonder what their plan is.
The way I see it, Google, Apple, and Facebook won't buy them because they're not competitors and they already have more users. And 99% of Reddit users probably use 1 or more of those 3 already anyway.
An IPO seems unlikely because they're not making enough money.
So maybe they're hoping for a buyout from a media company?
- umeshunni 8y ago> So maybe they're hoping for a buyout from a media company? For the second time, of course: https://techcrunch.com/2006/10/31/breaking-news-conde-nastwired-acquires-reddit/ https://techcrunch.com/2006/10/31/breaking-news-conde-nastwi... Reddit has an interesting corporate history of being a startup --> acquisition --> subsidiary --> spinout --> "startup" --> ??
- jlarocco 8y agoHuh, I vaguely remember them getting bought, but didn't know about the subsidiary and spinout parts. I guess they're all playing hot potato until it goes bust.