68
IPO = Exit liquidity
Reddit sucks hairy balls
IPO = Exit liquidity
This. It is so obvious that it literally causes me pain. Investors want their money back and their payout and the retail investors will be left holding the bag.
Sooo.... Short reddit and make billions? I only know what I learned from stonks back in the hayday
That would be the funniest end to Reddit. Going bankrupt because the superstonks people short their stock.
Oh shit. I'm tempted to check r/wallstreetbets lol
Yea, but then you have to go to Reddit.
Meh. Popped in using stealth on Android. Not even a mention of the IPO. Just like everywhere on there, it's just gotten more lame.
How do you short an IPO?
I think you'd have to do it the second shares start trading. Shares have to be available to borrow for shorting and there wouldn't be any for the public before trading starts.
Fuck reddit
fuck spez
Gross
This is gonna be fun...
Paywalled, so I'm not sure if this is answered in the article, but it seems odd they'd go with NYSE instead of NASDAQ.
Can't get any worse and might even get better if there's enough shareholders who understand how to run a business and can keep a stupid ceo in check.
and might even get better
I honestly doubt it. I don't think it is possible for reddit to be profitable in anything like its current form.
Twitter, before the EM implosion, had managed one profitable year in the last decade.
Reddit has about 2 orders of magnitude less users than twitter.
Those users are much less attractive to advertisers because reddit knows fuck all about them compared to twitter.
Reddit surfed through the years of cheap vc money but going public could kill it.
Reddit surfed through the years of cheap vc money but going public could kill it.
Wonder which fascist tech billionaire will buy it when it finally implodes
Braindead take
buy follow the pump and sell right?
this post was submitted on 04 Feb 2024
68 points (100.0% liked)
Technology
34868 readers
36 users here now
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.
Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed
founded 5 years ago
MODERATORS