this post was submitted on 23 Feb 2024
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Privacy
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It’s the reason I can’t see this stock maintaining or improving its price after the IPO. I mean, sure, there will probably be a short term gain for a few stock holders. But, I just don’t see how it doesn’t tank afterwards. I mean, in the end, Reddit is Reddit. It’s just an aggregation site, how can it grow in value? The fediverse is slowly but surely gaining popularity. And even though Reddit calls itself the front page of the internet, it really isn’t.
*Not investment advice. Good god please don’t take investment advice from me. Knowing my luck that fucking stock will soar to Wall Street record highs, beating out Bitcoin by a large margin.
Supposedly in Reddit finance there's something called the "Anarchy Chess/Ewan gambit". If you post one grain of rice, and double it each time you reach a threshold you can farm near-infinite updoots! Probably works the same with money, idk.