Reddit Prices I.P.O. at $34 a Share, in a Positive Sign for Tech
Reddit Prices I.P.O. at $34 a Share, in a Positive Sign for Tech
The social media company raised $748 million in the offering. Its shares begin trading on the New York Stock Exchange on Thursday.
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Reddits stock price will go up slightly after IPO and then tank.
It'll probably peak at about $50-60 in June, and then be $5-6 by 2027.
I base this on nothing.
Oh, so a professional finance talking head.
That is very similar to what this bobblehead says: https://youtu.be/gUiLuHvbC64?si=ncxEH2Y98h0bPzXr
You are probably in the wrong line of work, friend.
(Full disclosure, I couldn't watch it all the way through though as watching idiots talk about this stuff almost made me throw up a little. If they talk about specific numbers, it's going to be past the halfway point after the "expert" talks about red-i-tors.)
Here is an alternative Piped link(s):
https://piped.video/gUiLuHvbC64?si=ncxEH2Y98h0bPzXr
Piped is a privacy-respecting open-source alternative frontend to YouTube.
I'm open-source; check me out at GitHub.
I say it has tanked by late next year. Source: my gut.
If it goes that low, anyone would be stupid to not buy. I think FB went down to around $15 not long after their ipo somewhere between $30-$35.
lol. No.
If there's any trend in stock prices, it's that the ones that go down tend to stay down and the ones that go up tend to keep going up.
So no, after a stock tanks it is NOT a good idea to buy.
Yeah, continue investing with that logic.