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Reddit IPO: Company's biggest risk is its reliance on unpredictable users
(www.moneycontrol.com)
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this post was submitted on 23 Feb 2024
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I predict an initial IPO spike upwards (for maybe 2 weeks) to bait suckers.
That will likely be followed by 2 years or more of bag holding 📉
But from a CEO perspective it doesn't matter. Highly successful IPO, huge bonus, retirement. Sadly that's how modern gambling works, hike share prices, cash out.
Dude reportedly made 193 million $ last year. By this point he must have enough money safed up, that he could spend a million every year for the rest of his life.
It is never enough to feed his voracious appetites. He craves power, and he's trying to win like Elon Musk (ignoring how the latter is nowhere close to "winning").
The new Robinhood
Oh no, the IPO starts off ridiculously inflated, and it'll crash on day 2
Whoever stacks up on shorts during the fire sale peak in the first three days after IPO is gonna be a very happy sailor.
Last couple IPOs I watched didn’t even make it a couple days before tanking.