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Reddit guides IPO may price at top of range or above, source says (finance.yahoo.com)
submitted 3 months ago by 1984 to c/technology@lemmy.world
16 comments fedilink hide all child comments

Get your shorts ready, this will be very interesting to follow. Seems like the stock will appear tomorrow already?

I fully expect a nosedive in stock price but who knows. Maybe a pump and dump.

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[-] rambaroo@lemmynsfw.com 4 points 3 months ago

Source? All the ones I can find say they're still losing money. 800M in revenue but 940M in expenses for 2023. https://www.marketwatch.com/amp/story/reddits-ipo-raises-questions-about-profitability-heres-how-it-makes-money-01f73f04

[-] Cogency@lemmy.world 4 points 3 months ago* (last edited 3 months ago)
[-] admin@lemmy.my-box.dev 2 points 3 months ago

According to that link, his salary was "only" half a million. Or does he get 193 million in stock each year?

this post was submitted on 20 Mar 2024
113 points (89.0% liked)

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