Reddit has never turned a profit in nearly 20 years, but it just filed to go public anyway | CNN Business
Reddit, the message board site known for its chronically online userbase and for originating much internet discourse, filed for its long-anticipated initial public offering on Thursday.
It'll be one of those IPO's where the masses get to buy in, then realize they have a particular type of stock that they cannot sell, except during specific time periods. Meanwhile the big players will have Type-A stock or whatever and get to dump them while the price is high from the publicity.