Reddit Opens Up 38%, as Shares Begin Trading
Reddit Opens Up 38%, as Shares Begin Trading
The social media company’s debut on the New York Stock Exchange was one of the first major tech initial public offerings of the year.
Reddit shares opened up about 38 percent on Thursday in their first day of trading, in a sign of investor eagerness that set the stage for more tech companies to reach the stock market this year.
Archive link: Reddit Opens Up 38%, as Shares Begin Trading
Thankful I'm not on that godforsaken site anymore.
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.
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??
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.
Spez sank the ship and now he's trying to sell the cargo before people ask where, exactly, it is.
A shit site traded its users for money. I found a better one as a result. That's the real news.
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.
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)
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..
Fuck Reddit, this is my home now.
Gross.
Time to buy some puts