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Reddit chooses New York Stock Exchange for long-stalled IPO (www.ft.com)

submitted 9 months ago by L4s to c/technology

9 comments fedilink hide all child comments

Reddit chooses New York Stock Exchange for long-stalled IPO::Social media platform’s valuation is expected to have tumbled from $10bn in 2021

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[–] alphacyberranger 23 points 9 months ago (3 children)

And as always, remember to short it.

[–] [email protected] 43 points 9 months ago

Shorting is very risky and shouldn't be done solely because you don't like a company. Spez isn't going to care that you shorted his stock when you get margin called.

If you are bearish on Reddit at least do something with a risk floor like selling ITM Covered Calls. Not financial advice, just my 2c.

[–] Radicaldog 9 points 9 months ago

Kinda crap advice for novices, as shorting means uncapped losses if you're wrong. You'd have to be very confident other people are making a mistake, as other investors may not worry that power users no longer like Reddit, and stock could still go up.