Reddit Opens Up 38%, as Shares Begin Trading

Raptor_007 , 3 months ago

Time to buy some puts

some_guy , 3 months ago

A shit site traded its users for money. I found a better one as a result. That’s the real news.

comador , 3 months ago

probably would not be a stretch to say Lemmy and Mastadon are the real winners after the reddit exodus. Hope spez suffers a catastrophic failure in his IPO.

FartsWithAnAccent , 3 months ago

Gross.

blarth , 3 months ago

Fuck Reddit, this is my home now.

bradorsomething , 3 months ago

This wasn’t a great first day performance. Sure there was an initial bid up, but that dropped off quickly. We need to see strong buying resistance on a drop (showing institutional buying) to keep the vultures from circling. (Not financial advice)

AmbiguousProps , 3 months ago

Thankful I’m not on that godforsaken site anymore.

b3an OP , 3 months ago

Same! I’ve actually been really good about using Lemmy now. I only end up on Reddit when there is some obscure question someone answered ages ago. Not for the new content and certainly not posting comments or submitting any. Spez burned us all. He can rot in hell.

SteefLem , 3 months ago

Its 50% up i just saw. But give it a few days and the thing will crash. Pump and dump. Old investors want there money back they already put in years ago, as soon as they got that… gone…

Coach , 3 months ago

50% from what? It’s the first day. It opened at $47 and it’s at $50.16, at close. That’s not 50%.

SteefLem , 3 months ago (edited 3 months ago)

I opend my ticker app it says +50% didnt bother to look any further. That stock is just as full of air as trump

Oh i just checked they use 34$ as start price

Coach , 3 months ago

So weird. TradingView shows $47 at open, a high of $57.80 and a low of $45.05. https://lemmy.world/pictrs/image/4b4defd9-7b76-462e-a94c-40625739bf0d.jpeg

SteefLem , 3 months ago (edited 3 months ago)

I think they or this ticker includes the pre buyin stocks price that “loyal” reddit users could buy So that 50% up from that close not today or somehing.

https://lemmy.world/pictrs/image/61daa1c1-9b76-4344-936f-25616efeb8b0.jpeg

https://lemmy.world/pictrs/image/8cc060ba-aab9-4fd3-8f34-0ac9498311d4.jpeg

jordanlund , 3 months ago

IPO price was $34.

b3an OP , 3 months ago (edited 3 months ago)

What tech?? And eagerness for more? This feels like it will become a pump and dump.

Edit, addition: Why does The New York Times seem eager to suck Reddit’s dick. What the hell??

Fiivemacs , 3 months ago

Can’t wait

Coach , 3 months ago

It’s about to close even on the day. It pumped at open, then dumped until close. Should continue to dump for a while, so buy puts.

DragonTypeWyvern , 3 months ago

Spez sank the ship and now he’s trying to sell the cargo before people ask where, exactly, it is.