Discord is a massive-scale voice, video, and text communication platform organized around persistent "servers" and channels, originally built for gaming communities and now widely used by businesses, creators, nonprofits, and communities of all kinds. With over 200 million monthly active users and a valuation in the $14.7-$15 billion range, Discord filed confidentially for an IPO in early 2026, though the listing has faced delays. The company has also faced real, documented regulatory scrutiny over child-safety and content-moderation practices.