Comment on Reddit wants to raise $748M with IPO, sets value at $6.4B

shininghero@kbin.social ⁨8⁩ ⁨months⁩ ago

• Haus@kbin.social ⁨8⁩ ⁨months⁩ ago

  Three fiddy.

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• rdyoung@lemmy.world ⁨8⁩ ⁨months⁩ ago

  I’m considering buying a few shares (if I can just a few) just to watch it burn. And so I can be part of history. Or I’ll wait for it crash after the ipo and grab a few as a likely to never profit but might type of play.

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  • givesomefucks@lemmy.world ⁨8⁩ ⁨months⁩ ago

    If you’re buying, you’re stopping it from burning…

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    • rudyharrelson@kbin.social ⁨8⁩ ⁨months⁩ ago

      Clearly you aren't doing it right. Me buying shares is a death knell for companies. I'd be surprised if my broker doesn't give companies a courtesy call when I've bought a few shares to let 'em know the company's about to go under.

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      • paddirn@lemmy.world ⁨8⁩ ⁨months⁩ ago

        At the very least, me buying shares in a company makes certain it will never rise any higher than at that share price, not until right after I’ve sold my shares.

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  • db0@lemmy.dbzer0.com ⁨8⁩ ⁨months⁩ ago

    Voluntary bagholder or P&D gambler?

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  • wintermute_oregon@lemm.ee ⁨8⁩ ⁨months⁩ ago

    If you watch many IPO, you will see it spike quickly then a large dump after that. I know the last IPO I was part of, we couldn’t sell for several days after the IPO.

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    • bus_factor@lemmy.world ⁨8⁩ ⁨months⁩ ago

      Days? When my company went public employees couldn’t sell their stock for several months. And as soon as we could the price tanked, because everyone wanted to cash out.

      The selling was understandable, having 80% of your net worth in a single stock is scary, but hundreds of first-time stock owners doing a fire sale didn’t do the stock price any favors.

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      • wintermute_oregon@lemm.ee ⁨8⁩ ⁨months⁩ ago

        By the time we could sell. The stock had already dropped. It never really recovered after that

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    • JoMiran@lemmy.ml ⁨8⁩ ⁨months⁩ ago

      I bought Facebook at $18 thanks to the post IPO dump. I waited for the Google post IPO dump but it never came.

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    • ChunkMcHorkle@lemmy.world ⁨8⁩ ⁨months⁩ ago

      I read the Reddit S-1, the lock-up period is three days. Yeah, I’m a nerd, but in this case it was more just wanting to know how long Huffman et al will be forced to sit and watch the stocks freefall before they could ditch them, lol.

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      • wintermute_oregon@lemm.ee ⁨8⁩ ⁨months⁩ ago

        Most the time they are restricted in their sales. He has to declare his in advance. Most likely he can sell for six months

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  • Voyajer@lemmy.world ⁨8⁩ ⁨months⁩ ago

    How to get downvotes: -Complain about getting downvoted -Name call anyone who does not upvote your comment

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  • Moobythegoldensock@lemm.ee ⁨8⁩ ⁨months⁩ ago

    part of history

    What every idiot who lost money on Gamestop said.

    I might wheel it after it tanks, but probably not. My tax advisor always lectures me when I make money wheeling.

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  • Contend6248@feddit.de ⁨8⁩ ⁨months⁩ ago

    Doesn’t get more brainless

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  • dhork@lemmy.world ⁨8⁩ ⁨months⁩ ago

    I want some, if nothing else as a souvenir of all the time I spent there before the place turned to shit. Too bad nobody makes actual certificates anymore, I would pay extra to get a few shares in certificate form.

    No way I am paying that much for it. The true value is probably much closer to $.30 than $30.

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