Reddit IPO: Company's biggest risk is its reliance on unpredictable users
Reddit IPO: Company's biggest risk is its reliance on unpredictable users
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Reddit IPO: Company's biggest risk is its reliance on unpredictable users
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36 comments
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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 📉
<Cue sad trombone music>
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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.
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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.
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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").
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The new Robinhood
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Oh no, the IPO starts off ridiculously inflated, and it'll crash on day 2
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Whoever stacks up on shorts during the fire sale peak in the first three days after IPO is gonna be a very happy sailor.
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Last couple IPOs I watched didn’t even make it a couple days before tanking.
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36 comments