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I will short the ever-loving shit out of that stock. This is a no brainer.
It’s a TERRIBLE investment. The business model is completely flawed and dependent upon assumptions that there will be only positive growth in the user base.
Google is going to use Reddit to train its AI. That software is going to immediately become a smug, whiny, racist, pedophile femboy.
I look forward to capitalizing on this completely predictable sunbaked diaper.
Except the stock market (and all the cultists who worship it) don't inhabit the same reality as the rest of us.
It doesn't matter if Reddit is a good investment or not- what matters is if Reddit feels like a good investment to those assholes. The market can remain irrational a lot longer than you can remain solvent.
It’s a TERRIBLE investment.
"We are not profitable"
-Spez, certified jailbait aficionado
I've never shorted stock before, but I'm really tempted to start now. RDDT will become the inverse meme stock.
read up carefully. It is a strategy that can lose you more than you put in.
Better than a true "short" is to buy a put option on the stock for 100 shares. You buy a contract that lets you buy someone else shares at a lower price. If youre sure the stock is going to decrease, you pay a minor amount to make more money when it does.
You can then opt to exercise this and get cheap shares, or more likely, sell the put contract directly for profit.
You can also sell a call option that says you will provide 100 shares at a higher price. If you think the stock is going down, you will never have to actually fulfill this, so the money you made from selling the call is pure profit.
The positive with options is that they limit your losses if youre wrong, unlike shorting where technically your losses can be unlimited. Options are also easier to get into than shorts, which generally require specific brokers that have minimum account size.
The negative is that options are time limited. They last only a certain amount of time you specify when you buy. You can be 100% right about how the market will move, but if you get the timing wrong, you still lose money
Shorting an IPO isn't really available to most investors. Liquidity is super low and most brokerages won't be able to offer it for a while.
I also should learn how to short a stock.
I'll just stay poor rather than risk becoming part of the investor class.
I'm serious.
On top of what others have said keep in mind shorting isn't just you saying the stock will go down, it's you saying the stock will go down more than others think it will. Tbh I wouldn't even touch anything to do with shorting or options if I were you. It's incredibly risky and should only be done by people with more experience than you and I.
PUTS on RDDT! LFG!
The big question, of course, is what can we do to help make sure it tanks?
I don't think we have to make sure.
Spez doesn't care. He's made his money. Reddit can just die as far as he is concerned.
And neither he nor anyone else there seems to be interested in improving the user experience.
Yeah this is the rugpull.
Make sure what tanks? The IPO for reddit? The website whose CEO was a moderator on r/jailbait, the community for sexualizing minors?
The website whose CEO was a moderator on r/jailbait, the community for sexualizing minors?
I thoroughly dislike spez, and I think there are a lot of reasons to be critical of him, but this isn't one of them. He was made a moderator of /r/jailbait at a time when people could be added as moderators without being notified or needing to accept any kind of invitation.
I'd rather see him criticised for the many awful things he's said and done over the years than for some non-reason like that.
Cool, now explain away his decision to make a custom award specifically for the main mod of jailbait.
Also, fuck no I'm not giving him the benefit of the doubt over his own jailbait moderator status. No way he and the rest of the staff were not aware of that at any time.
I'm pretty sure they won't need any help with that.
Interesting. Today Reddit sent a new TOS letter to an old email address (I don't have any Reddit accounts because fuck u/spez). The username it referenced was created today. I've never used this address with Reddit and don't have any confirmation emails in my box or spam indicating someone else tried to create this account. I changed the password and deleted the account, but I have to wonder if they might be trying to boost their subscriber numbers for an IPO.
Yeah, I just had an email inviting me to participate in the IPO. I'm not a US resident though so that won't be happening.
Welp. That'll be the final nail in the enshittification coffin.
Good for them. They can get fucked.
Don’t you usually get to black before the IPO? We’re not really in growth stock rates these days.
There was another article today about them getting a contract from Google to train their AI on their content for millions a month. This should close the gap and lead to a possibly positive year for the first time ever this year.
They saw a 20% increase in revenue, likely due to consolidating people on their app, getting them the ad revenue boost. That impact is only a little over 6 months old. I'm curious what a year looks like.
The article I read said that Google will be paying 60 million dollars per year, so that still leaves them 30 million in the red considering the 90 million net loss of 2023.
I got the “do you want to hold the bag” email.
The last DDT went pretty well right?
I will laugh like a hyena if they Facebook their IPO.
Interesting that they're offering to let me buy shares at the IPO price...
Spez is straight up luring the userbase into a rug pull scam.
Plenty of rubes will fall for it and the stock will be overvalued for a short period of time, then the institutional investors will pull out, then the rubes will panic sell, then institutional investors will slowly buy back in a little bit and it'll eventually reach some kind of baseline but never get back to where the redditors bought in at.
I just hope I can get some good puts in before the rug pull happens.
“You have to be in our exclusive club to buy our stock at the same IPO price you can get through Robinhood.”
I'd wait this one out 🤣
4chan IPO when