Reddit chooses New York Stock Exchange for long-stalled IPO (www.ft.com)
from ardi60@reddthat.com to technology@lemmy.ml on 04 Feb 2024 06:12
https://reddthat.com/post/13078596

#technology

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DogPeePoo@lemm.ee on 04 Feb 2024 06:32 next collapse

IPO = Exit liquidity

Reddit sucks hairy balls

JoMiran@lemmy.ml on 04 Feb 2024 06:39 collapse

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@startrek.website on 04 Feb 2024 06:54 collapse

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

Rayspekt@kbin.social on 04 Feb 2024 10:59 next collapse

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

z3rOR0ne@lemmy.ml on 04 Feb 2024 12:05 collapse

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

Alexstarfire@lemmy.world on 04 Feb 2024 23:15 collapse

Yea, but then you have to go to Reddit.

z3rOR0ne@lemmy.ml on 04 Feb 2024 23:35 collapse

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@leminal.space on 04 Feb 2024 14:18 collapse

How do you short an IPO?

khannie@lemmy.world on 04 Feb 2024 14:47 collapse

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.

Macallan@lemmy.world on 04 Feb 2024 06:34 next collapse

Fuck reddit

DudeImMacGyver@sh.itjust.works on 04 Feb 2024 08:29 next collapse

Gross

pastermil@sh.itjust.works on 04 Feb 2024 10:11 next collapse

This is gonna be fun…

yournamehere@lemm.ee on 04 Feb 2024 10:42 next collapse

fuck spez

clever_banana@lemmy.today on 04 Feb 2024 15:43 next collapse

Short?

sugar_in_your_tea@sh.itjust.works on 04 Feb 2024 15:56 next collapse

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.

digdilem@lemmy.ml on 04 Feb 2024 18:33 next collapse

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@lemmy.blahaj.zone on 04 Feb 2024 20:31 next collapse

Braindead take

Pons_Aelius@kbin.social on 05 Feb 2024 00:43 collapse

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@beehaw.org on 05 Feb 2024 00:58 collapse

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

mihor@lemmy.ml on 04 Feb 2024 19:09 next collapse

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

deft@lemmy.wtf on 05 Feb 2024 01:03 collapse

buy follow the pump and sell right?