Stocks To Invest In Right Now Reddit

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Stocks To Invest In Right Now Reddit – Online discussion platform Reddit is preparing to launch an initial public offering (IPO) despite revenue concerns, according to Reuters.

Reddit offered the public about 10% of its initial shares three years ago, sources told Reuters on condition of anonymity.

Stocks To Invest In Right Now Reddit

Stocks To Invest In Right Now Reddit

It was reported that the San Francisco company plans to go public at the end of February and will complete the public offering process at the end of March.

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The IPO index, which reflects the value of the company’s shares and affects demand, is still undecided.

Reddit is worth up to $10 billion (€9.19) in 2021 but web developer Steve Huffman said, just last year, that the company has yet to make a profit.

The main source of income from the social platform is its advertising; It faces tough competition from sites like Facebook and TikTok.

Media site Habari last month estimated Reddit’s 2023 ad revenue at $800 million (€735.33), up 20% from last year.

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This allows users to read chat rooms without ads, get access to exclusive online forums, and buy accessories for their avatars.

The company initially held off on issuing public shares until profit numbers improved, and challenges in the IPO market delayed Reddit’s plans.

Arm, Klaviyo and Instacart all went public late last year, raising hopes for the future of IPOs. Despite this, the market still ended the year in bad fashion.

Stocks To Invest In Right Now Reddit

There were only 370 IPOs issued worldwide in the last three months of 2023, down from 417 a year ago, and 921 in the same period in 2021, according to S&P Global.

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The research firm said the last three months of 2023 represented the fourth slowest quarter for IPOs since 2012.

Despite the weak numbers, social media operators have been doing well in the past year, partly due to the accumulation of technology due to high interest rates.

Reddit’s IPO, which sources say could be pushed back, will test the loyalty of the site’s users to support the company and the stock market.

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