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Discord: From Gaming Chat to Global Hub and Potential 2024 IPO
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Discord, originally founded with the mission to enhance communication among gamers around the world, has evolved into a global community hub where millions find a sense of belonging. It’s not just about gaming anymore; Discord has become a space for friends, communities, and groups from diverse interests to connect. IPO, 2024 might be the year. So, let’s prepare by taking a closer look at the ins and outs of the company.
Key Insights
Origin and expansion: Founded by Jason Citron and Stan Vishnevskiy, Discord quickly evolved from a gaming-focused chat app to a global community platform.
Becoming a community: The platform’s shift to a broader digital community hub was accelerated by the pandemic, showcasing its adaptability to various user needs beyond gaming.
The Founding Duo
Discord was born out of a common problem faced by its founders, Jason Citron and Stan Vishnevskiy: the challenge of communicating with friends across the globe while playing online games. From a young age, both founders shared a passion for video games and valued the friendships and connections forged through gaming. However, the existing communication tools were cumbersome, unreliable, and complicated.
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The Digital Community
The platform quickly gained traction, resonating with users worldwide. Discord made it effortless for friends to stay in touch more meaningfully than through mere small talk. Users could easily join conversations, switch between text, voice, and video chats, and immerse themselves in their communities. Despite its sophisticated technology, Discord’s goal was simple: to be a welcoming and comfortable home for communities and friends to gather.
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Today’s Discord
Today, Discord transcends its gaming roots. The platform has evolved to support a multitude of non-gaming activities, attracting millions seeking a digital space for various forms of social interaction and collaboration daily. This shift was partly accelerated by the pandemic, as people worldwide sought virtual platforms for connection and community engagement. Discord has capitalized on this demand by enhancing its features to support a wide range of community needs, from casual chats to structured events.
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Discord by the Numbers
Discord prides itself on being original, reliable, playful, and easy to connect with. These values resonate not just with its users but also within the team behind the platform. With 150 million active users monthly, 19 million active servers weekly, and 4 billion minutes of server conversation daily, Discord’s impact is undeniable. It’s a space where anyone can belong, whether it’s in a school club, gaming group, or global art community.
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The two different plans are Nitro and Nitro Basic. The Basic plan currently sets you back €2.99 per month and the regular one €9.99, giving you perks such as increased upload sizes, ability to send longer messages, and better video resolutions for streams, among other things. Then there’s also the Discord Shop, where users can buy unique color themes, avatar decorations, and profile effects.
In Conclusion
Amidst its exponential growth and expanding user base, Discord is rumored to be considering an IPO in 2024. This move could mark a significant milestone in the company’s journey, potentially opening new avenues for growth and innovation, as well as providing an opportunity for investors to take part in it.
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With a broad global customer base spanning from equity analysts, portfolio managers, to IR departments, the reasons naturally vary, but here are four that we often hear:
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With a broad global customer base spanning from equity analysts, portfolio managers, to IR departments, the reasons naturally vary, but here are four that we often hear:
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