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.
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.
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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.
Braindead take
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.
Wonder which fascist tech billionaire will buy it when it finally implodes
Gross
buy follow the pump and sell right?
Fuck reddit
fuck spez
Short?
Paywalled, so I’m not sure if this is answered in the article, but it seems odd they’d go with NYSE instead of NASDAQ.
They’ll be disappointed by the valuation, that’s for sure. Reddit is worth jack sh*t.
IPO = Exit liquidity
Reddit sucks hairy balls
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.
Sooo… Short reddit and make billions? I only know what I learned from stonks back in the hayday
That would be the funniest end to Reddit. Going bankrupt because the superstonks people short their stock.
Oh shit. I’m tempted to check r/wallstreetbets lol
Yea, but then you have to go to Reddit.
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.
How do you short an IPO?
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.
This is gonna be fun…