A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock.

Sine_Fine_Belli@lemmy.world · 9 months ago

A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock.

NounsAndWords@lemmy.world · 9 months ago

I don’t like the Reddit ownership which is exactly why I switched to here…but this article is a month old, they priced their IPO at $34 and it’s currently selling at $55

Obviously this doesn’t mean it can’t change in the future, but it very much has not tanked.

gravitas_deficiency@sh.itjust.works · 9 months ago

The stock price is gonna get juiced for a bit, and then when the blackout period expires, lots of people are going to sell and the price will drop off a cliff. It’s a pretty common pattern in tech. I’m kinda expecting it to happen with Reddit.