And I sincerely hope anyone that invests in Reddit loses everything they put into it. The company deserves to die for the bullshit they did last year. It’s past time to move on.
this post was submitted on 07 Jan 2024
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Every big IPO like this goes up like crazy at first... In this case I predict it will fall quickly afterwards.
There's money to be made though
Well I checked back. I also went to wipe the last bits of posts from a couple accounts. Soon as the scripts got done running...
Uh oh! We have suspended your account due to suspicious activity.
Have we tried pulling a Twitter on this shit and seeing how many ads come up next to controversial Concepts yet?
I don't think it would take many of them to take this motherfucker
What a little shitbaby, that IPO is going to be worse than Robinhood’s
Well for me im gonna short the shit outta that ipo :)
Do not do this unless you're prepared to lose money
Exactly. Shorting is way riskier than people think. If I bought a stock for $10, the most I can lose is $10; if I short a $10 stock and the stock booms, there is no theoretical limit to how much I could lose, because at the end of the day I would be required to buy that stock even if it went up 1000000%.
The only reason some groups can afford to short stocks is because they expect government bailout if they screw up.
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They filed for IPO in December 2021. Its taken them THIS long. The competent management didn't leave the building, they were never there.
People here tend to think we’ve made a dimple in reddits statistics and our voices were heard. Nope, both reddit and it’s users couldn’t give a fuck that we’re gone. Most of reddit is not your niche communities you miss, its dumb memes, content copied from facebook and politics. Vast majority of users just installed the app and are happily scrolling away building someones personal wealth, remaining oblivious how much reddit knows about them and how much greasy, fat fingers of shit hoarders like goldman sachs would like to exploit that info.