A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock.
A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock.
“Yea I’m not buying. But I will be watching it tank.”
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I don't like the Reddit ownership which is exactly why I switched to here....but this article is a month old, they priced their IPO at $34 and it's currently selling at $55
Obviously this doesn't mean it can't change in the future, but it very much has not tanked.
I’m not a stock expert, but given its historic lack of profitability, that value has to be primarily speculative based on its usefulness for training ai.
I would expect to see that number fall eventually.
Pump and dump bud
I assume it's also priced that way because it can be used for propaganda.
Legacy media, hasn't made a profit for years? There's always some rich fascist cunt or nasty foreign government willing to buy it for more than it's worth so they can push their agenda.
It's not about making money for them. It's about power and influence.
nasty foreign government
Foreign?
"Our inherently good government with unfortunate rich fascist fucks in it, vs their inherently nasty foreign government"
My government isn't particularly nasty, especially compared to some of the worst autocratic regimes, because they're worried about the next election.
Sucks if that isn't the case for you.
All stock is speculative.
And some stocks have a 2:1 stock to book value ratio wheras others have 50:1. In the first case, even if the company closed down, unless the books were fraudulent you can still recover half your investment as it represents hard physical valuable assets.
Or just as a marker of how reliant a lot of web denizens are to adding reddit to end of their search for more relevant user generated data. Either way, it's numbers will fall, as a lot of the more recent data often isn't correct.
The stock price is gonna get juiced for a bit, and then when the blackout period expires, lots of people are going to sell and the price will drop off a cliff. It’s a pretty common pattern in tech. I’m kinda expecting it to happen with Reddit.
So we finally found out spez's exit strategy?
That’s the entire point of an IPO.