Reddit Advised to Target at Least $5 Billion Value in IPO
www.bloomberg.com
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.
  • Contend6248@feddit.de
    0·
    8 months ago

    Did they fucking recover deleted messages?

    I can find every post after automatically editing and deleting them afterwards

  • pixxelkick@lemmy.world
    0·
    8 months ago

    I 100% can see it easily selling for that much.

    You want to know why it’s worth that much?

    Petabytes of raw training Data for LLMs. Arguably atm reddit us one of the better gold mines of LLM training data on the internet, bazillion of posts already formatted as post-response chains, which is the exact type if format an LLM wants to train on.

    Can you imagine how valuable those servers loaded with posts are to a company like OpenAI, Google, or Microsoft?

    5 billion is quite reasonable to harvest every reddit post that has ever been made ever and cut it off from your competitors.

    • AJ Sadauskas@aus.social
      0·
      8 months ago

      @pixxelkick @ardi60 Well, if anyone wants to buy it for that purpose, then I just hope they remember to screen out the more NSFW parts of Reddit.

      Otherwise, their bots are going to start giving some rather unfortunate responses to customer questions…

      • tryptaminev 🇵🇸 🇺🇦 🇪🇺@feddit.de
        0·
        8 months ago

        I am looking forward to the hilarity of it for a while though.

        “Cooking bot, i have found this cucumber i need to use before it gets bad. What can i do with it?”

        “Shove it up your rectum”

        Could lead to a lot of interesting lawsuits and let a lot of MBA bros look rather stupid.