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In unsurprising news, Reddit prepares IPO (www.businessinsider.com)

submitted 10 months ago by [email protected] to c/[email protected]

165 comments fedilink hide all child comments

Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.

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[–] SteefLem 14 points 10 months ago (1 children)

Well for me im gonna short the shit outta that ipo :)

[–] [email protected] 8 points 10 months ago* (last edited 10 months ago) (2 children)

Do not do this unless you're prepared to lose money

[–] [email protected] 13 points 10 months ago (6 children)

Exactly. Shorting is way riskier than people think. If I bought a stock for $10, the most I can lose is $10; if I short a $10 stock and the stock booms, there is no theoretical limit to how much I could lose, because at the end of the day I would be required to buy that stock even if it went up 1000000%.

The only reason some groups can afford to short stocks is because they expect government bailout if they screw up.

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[–] [email protected] 14 points 10 months ago* (last edited 10 months ago)

Well I checked back. I also went to wipe the last bits of posts from a couple accounts. Soon as the scripts got done running...

Uh oh! We have suspended your account due to suspicious activity.

[–] [email protected] 12 points 10 months ago (4 children)

What a little shitbaby, that IPO is going to be worse than Robinhood’s

[–] AtariDump 4 points 10 months ago

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[–] [email protected] 10 points 10 months ago

They filed for IPO in December 2021. Its taken them THIS long. The competent management didn't leave the building, they were never there.

[–] [email protected] 10 points 10 months ago

Have we tried pulling a Twitter on this shit and seeing how many ads come up next to controversial Concepts yet?

I don't think it would take many of them to take this motherfucker

[–] [email protected] 4 points 10 months ago (5 children)

What is IPO?

[–] [email protected] 7 points 10 months ago* (last edited 10 months ago)

initial public offering aka the company goes on the stock market

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[–] RizzRustbolt 4 points 10 months ago

Third time's the charm?

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