Reddit faces new reality after cashing in on its IPO
Reddit faces new reality after cashing in on its IPO
Reddit must now answer to its shareholders as well as its vocal users.
Reddit must now answer to its shareholders as well as its vocal users.
When did Reddit answer to any users?
About 15 years ago.
When they first got popular and had to ban all the pedo subs because people were pissed
All the time. The answers were usually to the tone of "lol, fuck you".
Hey member that time AOL bought Warner Brothers. And everybody was all “wow these internet companies are here to stay!”
Lol
Ha! It's already falling in price.
If 45 breaks monday this turkey is dead
Can anyone remember what share price Reddit offered to "power users?"
IPO price, around $30, so it's up 50%.
Normal IPO, you have to hold like 6 months then sell. It artificially increases scarcity and keeps price up.
The reddit users can sell right now though, and if enough do it at once, it can scare off new buyers and make those who already bought after IPO sell.
It could waterfall and leave the traditional IPO buyers who can't sell get stuck holding the bag.
It was pretty damn high
It was $34 I'm waiting for options to pop up so I can buy puts and make money on it dropping to $25 over the next 6 weeks.
*I got my puts bought today when share price was $51. I went for four months out on expiration. Wish me luck! Or come back in July and offer condolences.
Lotsa regards gonna be sellin ass behind the Wendy’s dumpster.
As well as?
I'm not to sure about that second part.