this post was submitted on 04 Feb 2024
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Technology

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[–] DogPeePoo@lemm.ee 66 points 9 months ago (1 children)

IPO = Exit liquidity

Reddit sucks hairy balls

[–] JoMiran@lemmy.ml 65 points 9 months ago (1 children)

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 35 points 9 months ago (1 children)

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

[–] Kalkaline@leminal.space 7 points 9 months ago (1 children)
[–] khannie@lemmy.world 9 points 9 months ago

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 34 points 9 months ago

Fuck reddit

[–] yournamehere@lemm.ee 29 points 9 months ago
[–] DudeImMacGyver@sh.itjust.works 11 points 9 months ago
[–] pastermil@sh.itjust.works 10 points 9 months ago

This is gonna be fun...

[–] clever_banana@lemmy.today 8 points 9 months ago
[–] mihor@lemmy.ml 7 points 9 months ago

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

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.

[–] deft@lemmy.wtf 3 points 9 months ago

buy follow the pump and sell right?

[–] digdilem@lemmy.ml 0 points 9 months ago (1 children)

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 6 points 9 months ago

Braindead take