Reddits stock price will go up slightly after IPO and then tank.
It'll probably peak at about $50-60 in June, and then be $5-6 by 2027.
I base this on nothing.
this post was submitted on 20 Mar 2024
19 points (65.1% liked)
17627 readers
6 users here now
News and Discussions about Reddit
Welcome to !reddit. This is a community for all news and discussions about Reddit.
The rules for posting and commenting, besides the rules defined here for lemmy.world, are as follows:
Rules
Rule 1- No brigading.
**You may not encourage brigading any communities or subreddits in any way. **
YSKs are about self-improvement on how to do things.
Rule 2- No illegal or NSFW or gore content.
**No illegal or NSFW or gore content. **
Rule 3- Do not seek mental, medical and professional help here.
Do not seek mental, medical and professional help here. Breaking this rule will not get you or your post removed, but it will put you at risk, and possibly in danger.
Rule 4- No self promotion or upvote-farming of any kind.
That's it.
Rule 5- No baiting or sealioning or promoting an agenda.
Posts and comments which, instead of being of an innocuous nature, are specifically intended (based on reports and in the opinion of our crack moderation team) to bait users into ideological wars on charged political topics will be removed and the authors warned - or banned - depending on severity.
Rule 6- Regarding META posts.
Provided it is about the community itself, you may post non-Reddit posts using the [META] tag on your post title.
Rule 7- You can't harass or disturb other members.
If you vocally harass or discriminate against any individual member, you will be removed.
Likewise, if you are a member, sympathiser or a resemblant of a movement that is known to largely hate, mock, discriminate against, and/or want to take lives of a group of people, and you were provably vocal about your hate, then you will be banned on sight.
Rule 8- All comments should try to stay relevant to their parent content.
Rule 9- Reposts from other platforms are not allowed.
Let everyone have their own content.
:::spoiler Rule 10- Majority of bots aren't allowed to participate here.
founded 1 year ago
MODERATORS
Oh, so a professional finance talking head.
That is very similar to what this bobblehead says: https://youtu.be/gUiLuHvbC64?si=ncxEH2Y98h0bPzXr
You are probably in the wrong line of work, friend.
(Full disclosure, I couldn't watch it all the way through though as watching idiots talk about this stuff almost made me throw up a little. If they talk about specific numbers, it's going to be past the halfway point after the "expert" talks about red-i-tors.)
Here is an alternative Piped link(s):
https://piped.video/gUiLuHvbC64?si=ncxEH2Y98h0bPzXr
Piped is a privacy-respecting open-source alternative frontend to YouTube.
I'm open-source; check me out at GitHub.
I say it has tanked by late next year. Source: my gut.
If it goes that low, anyone would be stupid to not buy. I think FB went down to around $15 not long after their ipo somewhere between $30-$35.
lol. No.
If there's any trend in stock prices, it's that the ones that go down tend to stay down and the ones that go up tend to keep going up.
So no, after a stock tanks it is NOT a good idea to buy.
Yeah, continue investing with that logic.
I'm pricing my right sock at $5,000.
Doesn't mean anyone will buy it. Let's see how it trades in the long term.
All you have to do is find a buyer who only has a left sock and you're in business.
I was completely hammered blacked out once and lost a sandal and bought a guys one sandal. Next day realized I now have 2 mismatched sandals and could’ve just bought both of his.
We should start a Sock Market. We could sell long socks, short socks.... Think of the possibilities
And a machine to minify the short socks - we can even call them short squeezers
There is at least one idiot born every second on the planet.
After a series of community revolts and a revolving door of chief executives, by 2015 Reddit had more than 100 million users but only $12 million in annual revenue...
...Perhaps Reddit’s biggest obstacle to a smooth I.P.O. has been its users. The thousands of forums, or “subreddits,” that make up the site are overseen largely by a volunteer force of moderators. Some have resisted the idea of Reddit’s being a public company, concerned that market forces and the quarterly demands of shareholders will corrode some of the features that made the site so attractive to them.
Apparently the community revolts were ended by 2015, and the recent issues have just been unspecified "resistance to going public". That thing that was national news 9 months back, and was also reported about in the New York Times, somehow didn't merit a mention.
Mike Isaac has covered Reddit since 2010 from San Francisco.
By "covered Reddit" does he mean wrote articles with whatever comment was most upvoted on a topic? Because he certainly didn't demonstrate a particularly deep understanding of Reddit in this article.
Lol, that headline