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 ardi60   ( @ardi60@reddthat.com )  to Technology@lemmy.mlEnglish · 2 years ago

Reddit chooses New York Stock Exchange for long-stalled IPO

www.ft.com

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Reddit chooses New York Stock Exchange for long-stalled IPO

www.ft.com

 ardi60   ( @ardi60@reddthat.com )  to Technology@lemmy.mlEnglish · 2 years ago
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  •  DogPeePoo   ( @DogPeePoo@lemm.ee ) 
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    2 years ago

    IPO = Exit liquidity

    Reddit sucks hairy balls

    •  Jo Miran   ( @JoMiran@lemmy.ml ) 
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      2 years ago

      IPO = Exit liquidity

      This. It is so obvious that it literally causes me pain. Investors want their money back and their payout and the retail investors will be left holding the bag.

      •  gandarf   ( @Gandarf@startrek.website ) 
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        2 years ago

        Sooo… Short reddit and make billions? I only know what I learned from stonks back in the hayday

        •  Rayspekt   ( @Rayspekt@kbin.social ) 
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          2 years ago

          That would be the funniest end to Reddit. Going bankrupt because the superstonks people short their stock.

          •  z3rOR0ne   ( @z3rOR0ne@lemmy.ml ) 
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            2 years ago

            Oh shit. I’m tempted to check r/wallstreetbets lol

        •  Kalkaline   ( @Kalkaline@leminal.space ) 
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          2 years ago

          How do you short an IPO?

  •  ᕙ(⇀‸↼‶)ᕗ   ( @yournamehere@lemm.ee ) 
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    2 years ago

    fuck spez

  •  clever_banana   ( @clever_banana@lemmy.today ) 
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    2 years ago

    deleted by creator

  •  DigitalDilemma   ( @digdilem@lemmy.ml ) 
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    2 years ago

    Can’t get any worse and might even get better if there’s enough shareholders who understand how to run a business and can keep a stupid ceo in check.

    •  Pons_Aelius   ( @Pons_Aelius@kbin.social ) 
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      2 years ago

      and might even get better

      I honestly doubt it. I don’t think it is possible for reddit to be profitable in anything like its current form.

      Twitter, before the EM implosion, had managed one profitable year in the last decade.

      Reddit has about 2 orders of magnitude less users than twitter.

      Those users are much less attractive to advertisers because reddit knows fuck all about them compared to twitter.

      Reddit surfed through the years of cheap vc money but going public could kill it.

      •  interolivary   ( @interolivary@beehaw.org ) 
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        2 years ago

        Reddit surfed through the years of cheap vc money but going public could kill it.

        Wonder which fascist tech billionaire will buy it when it finally implodes

    •  TwiddleTwaddle   ( @TwiddleTwaddle@lemmy.blahaj.zone ) 
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      2 years ago

      Braindead take

  •  deft   ( @deft@lemmy.wtf ) 
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    2 years ago

    buy follow the pump and sell right?

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