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Reddit’s IPO Filing Shows Lots Of Losses After Nearly 20 Years
(www.forbes.com)
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this post was submitted on 28 Feb 2024
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Why would anyone give money to a business who has never ran in the black after 20 years? Just set your money on fire instead
Dumb people are going to see headlines about “AI” and “the first social media IPO in a long time,” and they’re going fork over money. Also speculators are going to buy after they speculate that other speculators are going to buy speculatively.
Yeah, this IPO will probably go just fine and a bunch of wankers will make a bunch of money. That's what it's all about, after all.
And where does that money come from?
Honest question, I hate finances.
Mostly from small people either tricked into buying the "new bitcoin/Nvidia/apple/... before it's to late or dumb people hyped by other dumb people into buying it. And if enough small people invested and the stock rises the big player collect the profit.
Yeah that was my expectation ... Thanks for the explanation
Wait for dat citation... before accepting that rationalization
Yea, no I don't have time for anything besides confirmation bias
And thats why theyre trying to sucker the users themselves to invest first, so they can pump and dump.
Wouldn’t be surprised if they manipulated the discussion around the stock as well. Bot army or admin downvotes on critical discussions, and lots of upvotes on the hype.
Twitter silently backing into the bushes
Hey, I think Twitter made money at least one year of their operations.
Better, buy a lottery ticket with it. That way it might be worth as much as the ash you'd have anyway, but there's a chance you'll become a millionaire.
Or Bitcoin, but fair warning: you might find yourself tempted to start a rap career, and that's almost never advisable.
Hope springs eternal