this post was submitted on 06 Mar 2025
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https://archive.is/2025.03.06-011758/https://www.ft.com/content/4ab9efe7-36bc-44ff-b2cd-06eb2c38203a

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Gaming chat platform Discord in early talks with banks about public listing

US group has sought to broaden its appeal to a mass audience

Discord co-founder and chief executive Jason Citron

Video game developer Jason Citron founded Discord in 2015 © Kimberly White/Getty Images/TechCrunch

Discord is in early talks with banks about a public listing, according to people familiar with the matter, in a sign of a possible revival in the sluggish US IPO market.

Founded in 2015 by video game developer Jason Citron, Discord offers multi-person voice, video and text-based spaces to its 200mn global monthly active users.

The San Francisco gaming chat platform was considering listing as early as 2021, according to people familiar with the matter. However, many technology companies and investors have put their IPO plans on hold due to political and market uncertainty.

That is expected to change this year as interest rates have fallen and US President Donald Trump has laid out a more tech-friendly regulatory agenda.

Discord was last valued at about $15bn in a 2021 fundraising, according to PitchBook. The company’s revived IPO plans remain subject to change, one of the people said.

“We understand there is a lot of interest around Discord’s future plans, but we do not comment on rumours or speculation,” the company said in a statement shared with the Financial Times. “Our focus remains on delivering the best possible experience for our users and building a strong, sustainable business.”

CoreWeave, an artificial intelligence cloud computing provider, filed for a New York IPO this month that would raise about $4bn and value the group at more than $35bn, which could make it the largest tech flotation of the year.

A series of valuable start-ups, including fintech groups Stripe and Chime and data platform Databricks that had been forced to stay private far longer than planned are expected to reignite plans to list their shares.

Discord initially found popularity among gamers, as well as retail trading and cryptocurrency communities, but has since sought to broaden its appeal to a mass audience.

The company has largely shunned advertising, in contrast to larger rivals such as Meta, X and Reddit, in favour of offering its users premium features for a fee.

In 2021, it attracted interest from multiple Big Tech groups, rebuffing a $12bn takeover bid from Microsoft. The recent IPO plans were first reported by The New York Times.

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[–] eric5949@lemmy.world 20 points 1 day ago

Id say enshitification coming but discords kinda already shit so.

[–] JigglySackles@lemmy.world 3 points 1 day ago

Boo you whore.

[–] vga@sopuli.xyz 21 points 2 days ago* (last edited 2 days ago)

Discord sucks but this might be easy money if you join at the very start.

I don't personally understand why people want to use it, but if you're one of those people, https://revolt.chat/ might be a great alternative. They're open source (at least for now).

[–] ZephyrXero@lemmy.world 129 points 2 days ago (2 children)
[–] drmoose@lemmy.world 32 points 2 days ago (10 children)

Can it be any more enshitified tho?

[–] iopq@lemmy.world 41 points 2 days ago

Oh, it can get a lot worse

[–] P1nkman@lemmy.world 15 points 2 days ago

Pay $5 to send 50 messages per month. Then an additional $1 for every fifth message.

[–] themadcodger@kbin.earth 20 points 2 days ago

Discord: Hold my beer

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[–] sqibkw@lemmy.world 29 points 2 days ago (2 children)

I've been frustrated with Discord already after their stint with NFTs 3 years ago, and now there are ads in the channel panel and the cost of Nitro has doubled. But, none of the FOSS alternatives work well enough to move my friends over there, in my experience. Hopefully this will spark some progress, especially if Discord goes the way of Tumblr/Reddit.

[–] commander@lemmings.world 10 points 2 days ago

Matrix really needs to add channels.

I'm not sure why they don't just copy the features that should be standard from Discord.

[–] ohshit604@sh.itjust.works 9 points 2 days ago* (last edited 2 days ago)

But, none of the FOSS alternatives work well enough to move my friends over there, in my experience.

Been slowly moving to Matrix/Element and was able to convince two buddies to at least make accounts, currently the biggest struggle we’ve had was with the voice channels.

There appears to be two types of voice channels; Jitsi & Element Call, Jitsi works okay but screen sharing appears to not work on either Windows or Linux and also doesn’t appear to allow mobile users to connect with desktop users and vice versa. Meanwhile Element Call seems to work perfectly but there is an unnecessary extra step to install the Element X beta app for mobile for it to work.

Another gripe about Matrix is spaces/room permissions, to my understanding Spaces are like discord servers so when I make a user an Admin you expect them to get admin privilege over every room right? Welp, it’s not and you have to give them admin for every single room also, once you give someone Admin you can’t remove it and they have to do it themselves. While I understand why it’s done this way I find it quite dumb.

The fact that Matrix is apart of the fediverse is enough for me to disregard the issues I mentioned above however, for others it can be seen as a deal-breaker.

[–] TommySoda@lemmy.world 261 points 3 days ago (13 children)

Jesus fucking Christ, can I not just enjoy one thing in my life without it eventually turning adversarial?

[–] MrVilliam@lemm.ee 131 points 3 days ago

"No. Fuck you. Pay me. Now pay me more. Now enjoy ads. Pay me again. We're now introducing fees associated with the privilege of paying me. So pay that while paying me."

-- approximately everything

[–] unexposedhazard@discuss.tchncs.de 90 points 3 days ago* (last edited 3 days ago) (17 children)

Dude i am so glad. Discord was always a cancer, i hope this will spell the beginning of the end of discord. Its the number one biggest offender in terms of limiting access to information on the internet right now. It needs to die.

[–] Screen_Shatter@lemmy.world 25 points 3 days ago

The number of times I've been directed to a useless discord chat while looking for help on a topic is infuriating. Can't wait for this shit to stop.

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[–] Spaniard@lemmy.world 42 points 3 days ago* (last edited 3 days ago) (5 children)

I don't know why people trusted Discord, it's one of the worst platforms and I say this while I use it because I had to settle for that (friends) like I had to settle for WhatsApp (family and work)

Irc was better for chat, ventilo and mumble better for audio, and matrix is pretty much the same but better. Discord sucks like Twitter did and I can't wait for it to go away. And forums are a better platform for help and documentation.

Thank God I convinced my fiancee to move our VCs to Wire, away from WhatsApp and Discord.

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[–] kittenzrulz123@lemmy.blahaj.zone 53 points 2 days ago (6 children)

Reminder: Matrix is open source and federated

[–] DiabolicalBird@lemmy.ca 25 points 2 days ago

Matrix needs more time in the oven before it's ready for widespread adoption.

I really did try to make it work (for months) but it's a buggy and unpolished experience, everyone that tried it with me ended up going back to Discord and Signal for communication.

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[–] omarfw@lemmy.world 56 points 2 days ago (6 children)

looks like me and the boys are going back to teamspeak

[–] cmrn@lemmy.world 14 points 2 days ago (2 children)

Catch me firing up Mumble again

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[–] KiloGex@lemmy.world 18 points 2 days ago (3 children)

Well, time to look for a new platform.

[–] vga@sopuli.xyz 10 points 2 days ago* (last edited 2 days ago)

Check out Revolt. They're trying to mimic Discord.

https://revolt.chat/

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[–] MagicShel@lemmy.zip 127 points 3 days ago (15 children)

Well fuck. Time for a new platform.

[–] Chozo@fedia.io 66 points 3 days ago (3 children)

I've been wanting a replacement for ages now. The problem is that Discord does everything it does very well (with a few exceptions), way better than any of its competitors. It's incredibly hard to replace, because no other product really matches it in any category. Cost, ease of use, feature set, cross-app API support... Nobody else comes close; even if you paid a ton of money for premium services to replace Discord, you're still likely going to downgrade your overall experience.

I really want to see more competition in this space.

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[–] Matombo@feddit.org 58 points 3 days ago (3 children)

This only exelerates the enshittification that already started

[–] SaharaMaleikuhm@feddit.org 26 points 3 days ago (7 children)
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[–] zer0squar3d@lemmy.dbzer0.com 17 points 2 days ago

I'm calling it. Backup all your data and move it elsewhere, you may have to pay to access or have it deleted.

[–] asudox@lemmy.asudox.dev 85 points 3 days ago* (last edited 3 days ago) (20 children)

https://revolt.chat/

FOSS alternative that looks and feels the same.

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[–] RejZoR@lemmy.ml 100 points 3 days ago (4 children)

Every time something goes public it turns into shit. Every single time.

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[–] Korhaka@sopuli.xyz 40 points 3 days ago (16 children)

I hate that everyone uses discord. Why can't we use IRC which is obviously better and uses a tiny fraction of the system resources that discord uses?

[–] kautau@lemmy.world 60 points 3 days ago* (last edited 3 days ago) (5 children)

The worst part about discord to me is that it’s used as a knowledge base for open source projects and games and such. This puts things in a walled garden. I instantly get turned off by a thing when the homepage is “join our discord” or I see a comment like “oh it’s explained in the discord.”

It’s only a matter of time before discord becomes paywalled, and all the knowledge out there ceases to be public.

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[–] ayyy@sh.itjust.works 15 points 2 days ago

“Obviously better” this isn’t obvious to me at all. Just because you don’t use the many features it offers doesn’t mean other people don’t.

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[–] absquatulate@lemmy.world 65 points 3 days ago (3 children)

I would be tempted to say that it will now turn to shit, but in Discord's case it was pretty shit already.

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[–] Sunshine@lemmy.ca 16 points 2 days ago

Looks like everyone needs to switch to !matrix@programming.dev

[–] wreckingball4good@lemm.ee 30 points 3 days ago (8 children)

There goes the neighborhood.

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[–] JackAttack@lemmy.dbzer0.com 26 points 2 days ago (10 children)

Can anyone with knowledge on business explain why these companies keep going public other than the simple fact of money?

I feel like everytime a company does they go full throttle into making shareholders money and lose sight of their original company. Honestly I assumed discord was already public based on some of their monetary features that are overpriced lol.

[–] yamper@lemmy.world 29 points 2 days ago

it's literally just money

[–] mox@lemmy.sdf.org 18 points 2 days ago (1 children)

It's about money, specifically with a near-term "exit strategy" for investors.

It lets them push the company into choices that will pump up the stock price so that early shareholders can sell their stock and walk away with profits... without any concern over how those choices will impact the company, its employees, its customers, or the new shareholders in the long term.

I won't shed a tear for Discord, though. They are a parasitic corporation that extracts profit from the world's online communities by using the network effect to lock our communications and collected knowledge behind their terms of service. No company should have control over so much of humanity's cultural development and history.

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[–] cyrano@lemmy.dbzer0.com 19 points 2 days ago (4 children)

It’s the path for the startup industry to rewards the venture capitalist investor basically either IPO by going public or M&A by being bought (like instagram by meta).

Here some more info on the different startup stages https://www.latitud.com/blog/stages-of-a-startup

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[–] iMastari@lemmy.world 8 points 2 days ago* (last edited 2 days ago) (1 children)

Well, I remember TeamSpeak being really good and easy to use.

https://www.teamspeak.com/en/

[–] Ricaz@lemmy.dbzer0.com 16 points 2 days ago

Also proprietary and requires a "Gamer License" to host servers for more than 32 users.

Mumble is, and has always been, the king of voice chat apps and is completely FOSS. Also it works a lot better.

[–] darkknight@discuss.online 31 points 3 days ago (2 children)

I only use discord for stuff that doesn't provide an alternative. It's terrible for finding info and questions that have already been asked. Hopefully this will bring back actual forums, discord is not the place for support.

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[–] dumbass@leminal.space 49 points 3 days ago* (last edited 3 days ago) (1 children)

🎶It's beginning to look a lot like enshitification,
Everywhere you go,
Just look at Reddit and x, they're all a mess,
With racist Nazi bigots and all the transphobes.

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