this post was submitted on 30 Jun 2023
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The only people losing money here are corporate private investors. I hope they lose every fucking cent.
Reddit hasn't had their IPO yet. The only way that regular people are invested in it are by being invested in equity firms that own part of Reddit today. As best I can tell, the only one such company that (a) is invested in reddit, and (b) is public is Tencent.
So, for now, people are safe. It's investment managers at private businesses that might get in trouble.