Reddit chooses New York Stock Exchange for long-stalled IPO
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https://www.ft.com/content/b96965dc-5c05-4cee-b378-d20eda0ed4eb
https://www.ft.com/content/b96965dc-5c05-4cee-b378-d20eda0ed4eb
IPO = Exit liquidity
This. It is so obvious that it literally causes me pain. Investors want their money back and their payout and the retail investors will be left holding the bag.
Sooo.... Short reddit and make billions? I only know what I learned from stonks back in the hayday
That would be the funniest end to Reddit. Going bankrupt because the superstonks people short their stock.
Meh. Popped in using stealth on Android. Not even a mention of the IPO. Just like everywhere on there, it's just gotten more lame.
Paywalled, so I'm not sure if this is answered in the article, but it seems odd they'd go with NYSE instead of NASDAQ.
Can't get any worse and might even get better if there's enough shareholders who understand how to run a business and can keep a stupid ceo in check.
and might even get better
I honestly doubt it. I don't think it is possible for reddit to be profitable in anything like its current form.
Twitter, before the EM implosion, had managed one profitable year in the last decade.
Reddit has about 2 orders of magnitude less users than twitter.
Those users are much less attractive to advertisers because reddit knows fuck all about them compared to twitter.
Reddit surfed through the years of cheap vc money but going public could kill it.
Reddit surfed through the years of cheap vc money but going public could kill it.
Wonder which fascist tech billionaire will buy it when it finally implodes