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Reddit will offer shares in its IPO at issue price to 75,000 of its most active users
(www.marketwatch.com)
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this post was submitted on 21 Feb 2024
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I hope this turns out to be the absolute disaster I am expecting.
I really can't see anything other than the stock price tanking immediately at the IPO. These people are getting in on the top floor.
Yeah, I think the current owners will do well in the IPO but most of the others will regret buying immediately. But once the market settles on a more realistic price, as much as I'd like to see it fail, I don't think it will. It's still better than Facebook and they are doing pretty well despite their mierdas touch.
It remains to be seen how well they can run the business with the transparency and oversight that comes with being a publicly traded company.