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Reddit files to list IPO on NYSE under the ticker RDDT
(www.cnbc.com)
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this post was submitted on 22 Feb 2024
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Spez is straight up luring the userbase into a rug pull scam.
Plenty of rubes will fall for it and the stock will be overvalued for a short period of time, then the institutional investors will pull out, then the rubes will panic sell, then institutional investors will slowly buy back in a little bit and it'll eventually reach some kind of baseline but never get back to where the redditors bought in at.
I just hope I can get some good puts in before the rug pull happens.