this post was submitted on 04 Feb 2024
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Reddit chooses New York Stock Exchange for long-stalled IPO::Social media platform’s valuation is expected to have tumbled from $10bn in 2021

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[–] Stovetop@lemmy.world 72 points 7 months ago

Eat shit, Spez.

[–] cranakis@reddthat.com 41 points 7 months ago (2 children)

Aren't you supposed to wait until after the IPO to ruin the platform?

[–] modifier@lemmy.ca 18 points 7 months ago

You need to signal your willingness to ruin it if you want Wall Street to take you seriously.

[–] BearOfaTime@lemm.ee 16 points 7 months ago

Ruining shit is a secondary concern when dickheads like spez only see $$ signs.

[–] alphacyberranger@lemmy.world 23 points 7 months ago (3 children)

And as always, remember to short it.

[–] bionicjoey@lemmy.ca 43 points 7 months ago

Shorting is very risky and shouldn't be done solely because you don't like a company. Spez isn't going to care that you shorted his stock when you get margin called.

If you are bearish on Reddit at least do something with a risk floor like selling ITM Covered Calls. Not financial advice, just my 2c.

[–] Radicaldog@lemmy.world 9 points 7 months ago

Kinda crap advice for novices, as shorting means uncapped losses if you're wrong. You'd have to be very confident other people are making a mistake, as other investors may not worry that power users no longer like Reddit, and stock could still go up.