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Reddit’s golden geese foul up its IPO plans (www.reuters.com)

submitted 1 year ago by Kindred87@kbin.social to c/RedditMigration@kbin.social

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Thousands of moderators overseeing the site’s subreddits are on strike. It’s a wrinkle in Reddit’s plan to go public, and a sign that plan is premature, columnist Anita Ramaswamy writes.

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[–] Kettlepants@lemm.ee 32 points 1 year ago (1 children)

Hahaha. Marvelous.

I hope the site never sees an IPO until it fades into obscurity.

[–] Eavolution@kbin.social 20 points 1 year ago (1 children)

I hope it does IPO... and wallstreetbets has a field day shorting it

[–] parrot-party@kbin.social 3 points 1 year ago (2 children)

Can you even short an IPO?

[–] ParkingPsychology@kbin.social 4 points 1 year ago (1 children)

I don't see why not? Not the actual IPO, but as soon as there are shares on the market, you can short them.

IPO stocks can be sold short once they are trading on public markets

[–] Entropywins@kbin.social 1 points 1 year ago

There also has to be an uptick in price before you can short... its not like forex where you can short whenever you feel like it... as far as I'm aware I've never been much of a stock guy though only played in currency exchanges

[–] Zana@kbin.social 2 points 1 year ago

Wallstreetbets will find a way.