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Reddit Insiders Selling Days After IPO; Shares Fall
(www.investors.com)
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this post was submitted on 28 Mar 2024
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I won't lie, I do regret not making a quick buck off of it. I could have gotten in at 30-something and out at 40-something easily enough.
I just couldn't stomach the thought of buying RDDT. I also guessed Pigboy Spez and his pals would leave us suckers holding the bag.
Turns out some brave peasants did make money on the IPO. Just not this peasant.
I suspect the stock will spiral down from here.
Meh. Hindsight and all that.
People said it about Apple, Amazon, and Bitcoin. Can’t know which ones that will happen with and which won’t.
I didn’t want to tie my user name to my real life details for that payoff.
Same here! I gave them a fake email and didn't want to do myself to them. Glad you brought that up.
On the desktop version of reddit you can click through the screen that asks for an email. I never gave reddit my email.
Had to make a new email for lemmy though.
I thought about it, and I refused on a moral ground to support reddit. It still may go up, despite everything.
Rich people don't usually have morals... That's the difference between us and them.
There are no guarantees an IPO will pop, even a buzzy one. Uber debuted at the low end of their estimate and trended downward, for ex, and didn't recover for over a year.
My instinct was that there would be irrational exuberance for the stupid stock. And ignored it.
The market is often pure speculation and gambling until the sobriety kicks in.
Anyway, I missed out on this one because of my caution and contempt for reddit. No point crying over it.