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In unsurprising news, Reddit prepares IPO (www.businessinsider.com)
submitted 10 months ago by cygnus@lemmy.ca to c/snoocalypse@lemmy.ml
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Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.

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[-] Tag365@lemmy.world 0 points 10 months ago* (last edited 10 months ago)

How does that work? You buy at $100 a share but if it increases to $200 a share you somehow lose money? That's a strange layer to the stock market. Please explain.

this post was submitted on 07 Jan 2024
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