Technology

60085 readers

4929 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago

MODERATORS

680

Reddit: Return Of The Junk Stock IPO (www.forbes.com)

submitted 9 months ago by [email protected] to c/technology

149 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 17 points 9 months ago* (last edited 9 months ago) (2 children)

Stocks are basically a percentage of ownership. The share price as a dollar amount is meaningless because it could be 1% of a company or 0.000000001%. The relevant number here is that Reddit is IPOing at a valuation of $5 billion (that stock buys a ¹⁄₁₅₀₀₀₀₀₀₀ interest), which all I can reply with is hahahahahahahaha

[–] [email protected] 6 points 9 months ago

I am aware. It's valuation was in the article.

[–] [email protected] 1 points 9 months ago

Well, either two values give the third. All one's gotta know is two of: valuation, price per share, number of shares.