Reddick filing for its long-awaited IPO the first social media company to go public in years.

Of course, Sam Altman is involved and what it says about tech right now.

It is Friday, February 23rd. Welcome back to the Tech Check podcast. I'm Mark Gilbert with Dear Groposa, D. It's been a while. It's been

more than a week. I know I've missed you.

I've missed the pod and I couldn't be more thrilled for this topic.

I feel like it's like our sweet spot.

It has a personality, it has an IPO, it has lots of under the radar.

Yeah, there's lots of sort of like, like,

weird little like corners and nooks

of like valuations and fundraising over the years.

Yes, so at long last, Reddit.

I mean, we're going to talk about Reddit,

but really we're going to talk about the money behind Reddit.

But if you don't know what Reddit is, you probably do. You may not know, though, that it's nearly 20 years old. You and I went back and forth Mark. We were like, is this internet? 1.0, 2.0. It's firmly 2.0 it's firmly 2.0 but like right at the beginning it's

2005 so nearly 20 years old one of the more fascinating things we found is that it's

still losing money.

You think about Reddit and like the face of the internet, how high could the cost be, but when you go through

the S-1, you can see that, you know, it's just been losing money for a long time.

And we talked a few weeks ago, Mark, about the IPOs that we'll get this year versus the ones that the market really wants.

Reddit is firmly in that first bucket. Which doesn't mean it's not

interesting. We love to see a prospectus, especially for a company that we've

been wondering about its financials for so long, but perhaps more interesting than

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