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Discord has filed for an IPO amid a tougher economic climate, with its valuation reportedly halved despite revenue growth. The article discusses the implications of this shift for social networks and highlights the challenges companies face in proving monetization strategies.
Discord has confidentially filed for an initial public offering, working with Goldman Sachs and JPMorgan Chase. The company, based in San Francisco, has over 200 million monthly users and is popular among gamers and programmers.