hi im new to stocks, how do I short Reddit’s shares?
But puts
It would be nice to have a “patreon” like monthy support and then an open accounting - so we know the money is split to development, instance server hosting costs and maybe admin wages. Or maybe can vote on it. I think fediverse is only the first step, we’re going to need some kind of global non profit funded by users to create federated software and content for users.
I guaran-fucking-tee that stock will crash as soon as IPO starts.
Maybe, but I think it’ll take a bit longer. Reddit’ll be given some artificial value, then the initial stock will be flogged at 80% of that to make people think they’re getting a good deal, so loads of people will buy it, then the price’ll shoot up, so loads more people will buy that; meanwhile Spez’ll cash out his billions then when the true value of Reddit is realised there’ll be a “correction” - i.e. a crash, and the last bunch of suckers to buy will be sitting on a huge loss that’ll take years to recover from as it slowly inches back up by a couple of percent a year.
Man, I can’t wait
I feel like a lot of people wanna short it out of spite and a whale is gonna squeeze them out with a big buy like 2 weeks into trading. If puts are cheap I might grab one just for fun. It’m curious to see how WSB plays it.
It’m curious to see how WSB plays it.
Same
Pre GME they would’ve buried them, for fun ofc
Post GME prob have bots shilling it to lurkers wondering the same thing
After the price falls, I see them having a future as a data company. They already have 1 customer paying them $60m annually. Regardless of it’s future, they have over a decades worth of data in many areas. Spez already got his though.
God I miss that sub from back in the day, theres nothing quite like it.
Take dividends and donate them to Fediverse servers. As your enemy gets stronger, so do you.
Not all stocks issue dividends, and even then only profitable companies issue dividends.
Reddit has NEVER been profitable
I was curious what it would take, and they asked for my real name to be associated with my username. That might be a bridge too far.
Personally I’d support the people hosting the instance you like
They do a lot of work hosting the sever which is very much not free
I’m doing my part!Do it for Dale
And instance admins!
And front-end app creators!
I’d short reddit stock if anything
Yeah if anyone thinks this is a good investment, I have an iceberg to sell you
Easy money
I think a thing to keep in mind is that Reddit is no longer for us, which means it will probably be profitable finally.
Dale would’ve had his own lemmy instance.
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Shout out to Dale
The Intimidator
