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.
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I mean, that was never seriously in doubt. The days of massive site migrations happening overnight are long over.
What matters is the momentum.
Every dumb move sends a wave of people over to the Lemmyverse, and some of those people stay, building on the community here