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this post was submitted on 23 Feb 2024
897 points (96.7% liked)
Mildly Infuriating
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You never know when they'll dump. Hoping you can dump before others do in a pump and dump is not usually a good bet.
Smart move could be to short it.
But then, I thought that Facebook's IPO would flop, too.
Apple is a fancy-looking fad. I give it 6 months tops.
Goo-gol? Stupid name. Ill just ask Jeeves.
From memory all those were performing well, getting load of attention and be used by "everyone" at the time of their ipo. Particularly google was THE search engine and Facebook was THE social media site.
Reddit has been around forever, most of us left, what does it really have to offer? Keeping in mind that llms have had access to all that data for s long time, I can't imagine the last 8 months or so of reddit data to be that significant.
Usually companies go public because they have an aggressive plan that requires growth and a massive cash injection. What is spez's plan if he gets that? I'll admit I haven't really followed much, but I doubt reddit had this huge potential. And that's even if they didn't alienate their users and nods.
Reminds me those pet food companies going public in the late 90s during the internet bubble.
The moment insider lock up ends.
But you won't have the fastest possible internet ping, others are gonna dump before you.
You don't wait until peak. You wait until there is a small gain and bounce.
Buy at purchase price then sell 25 hours later.