I feel like a lot of people wanna short it out of spite and a whale is gonna squeeze them out with a big buy like 2 weeks into trading. If puts are cheap I might grab one just for fun. It'm curious to see how WSB plays it.
Maybe, but I think it'll take a bit longer. Reddit'll be given some artificial value, then the initial stock will be flogged at 80% of that to make people think they're getting a good deal, so loads of people will buy it, then the price'll shoot up, so loads more people will buy that; meanwhile Spez'll cash out his billions then when the true value of Reddit is realised there'll be a "correction" - i.e. a crash, and the last bunch of suckers to buy will be sitting on a huge loss that'll take years to recover from as it slowly inches back up by a couple of percent a year.
It would be nice to have a "patreon" like monthy support and then an open accounting - so we know the money is split to development, instance server hosting costs and maybe admin wages. Or maybe can vote on it. I think fediverse is only the first step, we're going to need some kind of global non profit funded by users to create federated software and content for users.