Reddit chooses New York Stock Exchange for long-stalled IPO
Reddit chooses New York Stock Exchange for long-stalled IPO
IPO = Exit liquidity
Reddit sucks hairy balls
65 0 ReplyIPO = 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.
67 0 ReplySooo.... Short reddit and make billions? I only know what I learned from stonks back in the hayday
34 0 Reply
Fuck reddit
33 0 Replyfuck spez
28 0 ReplyGross
11 1 ReplyThis is gonna be fun...
9 0 ReplyThey'll be disappointed by the valuation, that's for sure. Reddit is worth jack sh*t.
7 0 ReplyShort?
7 0 ReplyPaywalled, so I'm not sure if this is answered in the article, but it seems odd they'd go with NYSE instead of NASDAQ.
6 0 Replybuy follow the pump and sell right?
3 0 ReplyCan'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.
4 4 Replyand 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.
9 1 ReplyReddit 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
3 0 Reply
Braindead take
7 1 Reply