this post was submitted on 21 Mar 2024
36 points (75.0% liked)

News

23305 readers
3636 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 

Reddit shares opened up about 38 percent on Thursday in their first day of trading, in a sign of investor eagerness that set the stage for more tech companies to reach the stock market this year.

Archive link: Reddit Opens Up 38%, as Shares Begin Trading

top 18 comments
sorted by: hot top controversial new old
[–] b3an@lemmy.world 47 points 7 months ago* (last edited 7 months ago) (3 children)

What tech?? And eagerness for more? This feels like it will become a pump and dump.

Edit, addition: Why does The New York Times seem eager to suck Reddit’s dick. What the hell??

[–] Fiivemacs@lemmy.ca 17 points 7 months ago
[–] Coach@lemmy.world 11 points 7 months ago

It's about to close even on the day. It pumped at open, then dumped until close. Should continue to dump for a while, so buy puts.

[–] DragonTypeWyvern@literature.cafe 4 points 7 months ago

Spez sank the ship and now he's trying to sell the cargo before people ask where, exactly, it is.

[–] AmbiguousProps@lemmy.today 44 points 7 months ago (1 children)

Thankful I'm not on that godforsaken site anymore.

[–] b3an@lemmy.world 37 points 7 months ago

Same! I’ve actually been really good about using Lemmy now. I only end up on Reddit when there is some obscure question someone answered ages ago. Not for the new content and certainly not posting comments or submitting any. Spez burned us all. He can rot in hell.

[–] some_guy@lemmy.sdf.org 16 points 7 months ago (1 children)

A shit site traded its users for money. I found a better one as a result. That's the real news.

[–] comador@lemmy.world 3 points 7 months ago

probably would not be a stretch to say Lemmy and Mastadon are the real winners after the reddit exodus. Hope spez suffers a catastrophic failure in his IPO.

[–] bradorsomething@ttrpg.network 16 points 7 months ago

This wasn’t a great first day performance. Sure there was an initial bid up, but that dropped off quickly. We need to see strong buying resistance on a drop (showing institutional buying) to keep the vultures from circling. (Not financial advice)

[–] SteefLem@lemmy.world 11 points 7 months ago* (last edited 7 months ago) (1 children)

Its 50% up i just saw. But give it a few days and the thing will crash. Pump and dump. Old investors want there money back they already put in years ago, as soon as they got that.. gone..

[–] Coach@lemmy.world 6 points 7 months ago* (last edited 7 months ago) (2 children)

50% from what? It's the first day. It opened at $47 and it's at $50.16, at close. That's not 50%.

[–] jordanlund@lemmy.world 15 points 7 months ago

IPO price was $34.

[–] SteefLem@lemmy.world 8 points 7 months ago* (last edited 7 months ago) (1 children)

I opend my ticker app it says +50% didnt bother to look any further. That stock is just as full of air as trump

Oh i just checked they use 34$ as start price

[–] Coach@lemmy.world 2 points 7 months ago* (last edited 7 months ago) (1 children)

So weird. TradingView shows $47 at open, a high of $57.80 and a low of $45.05.

[–] SteefLem@lemmy.world 4 points 7 months ago* (last edited 7 months ago)

I think they or this ticker includes the pre buyin stocks price that “loyal” reddit users could buy So that 50% up from that close not today or somehing.

[–] blarth@thelemmy.club 6 points 7 months ago

Fuck Reddit, this is my home now.

[–] FartsWithAnAccent@fedia.io 4 points 7 months ago
[–] Raptor_007@lemmy.world 3 points 7 months ago

Time to buy some puts