• Jo Miran
      68·
      11 months 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.

        • Rayspekt@kbin.social
          22·
          11 months ago

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

          • z3rOR0ne
            15·
            11 months ago

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

              • z3rOR0ne
                4·
                11 months 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.

          • khannie@lemmy.worldEnglish
            9·
            11 months 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.

  • mihor
    8·
    11 months ago

    They’ll be disappointed by the valuation, that’s for sure. Reddit is worth jack sh*t.

  • DigitalDilemma
    44·
    11 months 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@kbin.social
      101·
      11 months 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@beehaw.org
        3·
        11 months 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