How do you think reddit will trend post IPO? #stocks #investments #ipo #reddit
With the power of Wallstreetbet, up for sure. Buying max amount.
Make sure you are not bag holding. I expect pump and dump on this one.
Absolutely, meme stock never holds their value long term
I am going to short it.
I am going to buy whatever puts I can with $500 left in my account 😭
The expected IPO cost is about 31-34 dollars, so about 15 stock.
FWIW, don't feel so bad about it. I am only going to buy up to 25 stock myself.
Why bearish
Terribly run company, Steve is not a good CEO. Anyone who followed the Apollo saga can attest to this
Reddit came out on top here though. Third party apps gone, only first party app is available with ads. Users didn't drop at all. Reddit won
We have no idea whether users dropped because Reddit doesn’t make this information public and third party tracking services were dependent on api to work, so no longer work. There was no reason to destroy third party apps which provided a significantly superior experience to the official app. The smart move would have been require premium to use third party apps, but Steve is an Elon admirer and decided to go scorched earth instead
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Why is it worth being public?
The investors want their money back