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Reddit Advised to Target at Least $5 Billion Valuation in IPO
(www.bloomberg.com)
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this post was submitted on 29 Jan 2024
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Technology
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I don’t short stocks. I invest in companies I believe in and that provide value. That’s why I won’t invest in Reddit. I don’t believe in the company or the people running it. I have a few odd ball stocks like Google that I don’t believe in but overall they treat their employees well and they have a plan for success. I’m a big fan of their 5% policy. I just overall don’t like their model.
I think it's reasonable to not short stocks. I just find it a bit weird to see people confidently proclaim that a company is overvalued, but than not shorting the stock, which would be the rational thing to do.
It’s gambling and not investing. If I thought it was valued properly, I’d invest in the company. I don’t as such I won’t invest in the company.
I don’t gamble with my money. I invest in companies long term