Why Reddit Is Worth $1 Billion More Than The NY Times
The reason Reddit is worth $1 billion more than the NY Times is that investors favor Reddit’s user-generated content model over NYT’s costly content creation, despite profitability. Here’s a question for you! Which media company do you think holds more value? Is it the one that raked in $800 million in revenue last year but […]
Reddit To Go Public, Files For IPO
According to Bloomberg, as the social media company continued to lose money, Reddit filed for an IPO to go public. Tens of millions of people use the community-focused message board site Reddit every day, and on Thursday afternoon, the site submitted an S-1 form to the Securities and Exchange Commission. The 20-year-old social media startup, […]