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Reddit seeks to launch IPO in March (www.reuters.com)

submitted 10 months ago by RedditEnjoyer@lemmy.world to c/technology@lemmy.world

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[–] CosmicTurtle@lemmy.world 41 points 10 months ago (3 children)

Time to buy shorts. Or puts. Or kangaroos. Whatever.

I don't know a fucking thing about stonks.

[–] androogee@midwest.social 50 points 10 months ago

Perfect, you'll fit right in

[–] ColeSloth@discuss.tchncs.de 7 points 10 months ago (1 children)

It will launch, spike up a little that day, then drop pretty hard for a month or so, getting down to about 60% of its launch price, before slowly gaining back up to around 80% of its launch price after several months.

[–] drphungky@lemmy.world 1 points 10 months ago (1 children)

Also, my prediction is that big puts will be selling for way higher than their likelihood, because so many retail investors want to to fail. So even though the stock will go down, tons of people will lose money betting that.

[–] ColeSloth@discuss.tchncs.de 2 points 10 months ago

For sure. Calls and puts both will go overpriced. Be a lot of "enthusiasts" buying options for funsies thinking they'll totally be right.

[–] Imgonnatrythis@sh.itjust.works 3 points 10 months ago

It's winter here. I'm gonna buy pants.