this post was submitted on 25 Feb 2024
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Reddit Is Letting Power Users In on Its IPO. Not Everyone’s Buying (www.wired.com)
submitted 8 months ago by L4s to c/technology
128 comments fedilink hide all child comments
 

Reddit Is Letting Power Users In on Its IPO. Not Everyone’s Buying::Reddit says it wants to reward users by letting them buy into the company’s public listing. Some say it’s too risky—others say they won’t pay a company they’ve already given hours of free labor to.

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[–] [email protected] 18 points 8 months ago (2 children)

It concerns me that you are so eager to short yet think that one needs to buy shares in order to short. You should probably just stay away from financial instruments you don't understand

[–] CaptainSpaceman 4 points 8 months ago

Its ok to dabble in amything in small amounts.

But big risk should always br preceded by heavy research.

Or ya know, just YOLO on a 0DTE option because someone on social media likes it too

[–] BrianTheeBiscuiteer 1 points 8 months ago

I didn't say anything about buying shorts but, to my knowledge, you can't short something that doesn't exist. I was stating that I'm willing to bet the price per share will go down significantly in the short term after it's IPO, no matter what they set as the initial price.