• Jo Miran
      61•1 year 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
        31•1 year ago

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

        • Rayspekt
          19•1 year ago

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

          • z3rOR0ne
            14•1 year ago

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

              • z3rOR0ne
                4•1 year ago

                Meh. Popped in using stealth on Android. Not even a mention of the IPO. Just like everywhere on there, it’s just gotten more lame.

          • @khannieEnglish
            9•1 year ago

            I think you’d have to do it the second shares start trading. Shares have to be available to borrow for shorting and there wouldn’t be any for the public before trading starts.

  • @[email protected]
    5•1 year ago

    Paywalled, so I’m not sure if this is answered in the article, but it seems odd they’d go with NYSE instead of NASDAQ.

  • DigitalDilemma
    -1•1 year 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
      6•1 year 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.