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Reddit: Return Of The Junk Stock IPO (www.forbes.com)

submitted 8 months ago by KingThrillgore@lemmy.ml to c/technology@lemmy.world

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[–] Ullallulloo@civilloquy.com 17 points 8 months ago* (last edited 8 months ago) (2 children)

Stocks are basically a percentage of ownership. The share price as a dollar amount is meaningless because it could be 1% of a company or 0.000000001%. The relevant number here is that Reddit is IPOing at a valuation of $5 billion (that stock buys a ¹⁄₁₅₀₀₀₀₀₀₀ interest), which all I can reply with is hahahahahahahaha

[–] ColeSloth@discuss.tchncs.de 6 points 8 months ago

I am aware. It's valuation was in the article.

[–] derpgon@programming.dev 1 points 8 months ago

Well, either two values give the third. All one's gotta know is two of: valuation, price per share, number of shares.