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deft ,

buy follow the pump and sell right?

mihor ,
@mihor@lemmy.ml avatar

They’ll be disappointed by the valuation, that’s for sure. Reddit is worth jack sh*t.

digdilem ,

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.

TwiddleTwaddle ,

Braindead take

Pons_Aelius ,

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.

interolivary ,
@interolivary@beehaw.org avatar

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

sugar_in_your_tea ,

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.

clever_banana ,
@clever_banana@lemmy.today avatar

Short?

yournamehere ,

fuck spez

pastermil ,

This is gonna be fun…

DudeImMacGyver ,
@DudeImMacGyver@sh.itjust.works avatar

Gross

Macallan ,

Fuck reddit

DogPeePoo ,

IPO = Exit liquidity

Reddit sucks hairy balls

JoMiran ,
@JoMiran@lemmy.ml avatar

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.

Gandarf ,
@Gandarf@startrek.website avatar

Sooo… Short reddit and make billions? I only know what I learned from stonks back in the hayday

Rayspekt ,

That would be the funniest end to Reddit. Going bankrupt because the superstonks people short their stock.

z3rOR0ne ,

Oh shit. I’m tempted to check r/wallstreetbets lol

Alexstarfire ,

Yea, but then you have to go to Reddit.

z3rOR0ne ,

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.

Kalkaline ,
@Kalkaline@leminal.space avatar

How do you short an IPO?

khannie ,
@khannie@lemmy.world avatar

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.

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