Reddit is inviting some users to participate in its IPO this week, but moderators told CNBC that they're not taking the company up on its offer.
You must log in or register to comment.
!technology@lemmy.worldYou are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !technology@lemmy.world
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
- 1 user online
- 232 users / day
- 615 users / week
- 1.39K users / month
- 4.49K users / 6 months
- 1 subscriber
- 7.41K Posts
- 84.8K Comments
- Modlog
- mods:
Eh, I bought 100 shares.
I figured:
a) I have the money.
b) I don’t get IPO offers that often.
c) Buy what you hate.
https://slate.com/business/2005/12/buy-stocks-in-companies-you-hate.html
Once I have the shares at $34, I’ll put in an order to sell at $69. Nice!
My expectation is that a lot of people will at the least buy in at the start due to the amount of publicity, then sell off after the initial rush.
There might be an early short squeeze that could make this pay off. I predict that this one will be very unpredictable.