jeze@lemm.ee to Technology@lemmy.worldEnglish · 8 months agoReddit wants to raise $748M with IPO, sets value at $6.4Bgo.theregister.comexternal-linkmessage-square153fedilinkarrow-up1388arrow-down120
arrow-up1368arrow-down1external-linkReddit wants to raise $748M with IPO, sets value at $6.4Bgo.theregister.comjeze@lemm.ee to Technology@lemmy.worldEnglish · 8 months agomessage-square153fedilink
minus-squaremerc@sh.itjust.workslinkfedilinkEnglisharrow-up11arrow-down1·8 months agoIt’s almost certainly going to do well enough that the VCs and insiders will be able to cash out. The founders will be centi-millionaires. But, people who buy in at the IPO price, I wouldn’t be surprised if they lose a lot of money.
minus-squareQuarterSwede@lemmy.worldlinkfedilinkEnglisharrow-up4·8 months agoI’m not investing because fuck you Spez and wallstreetbets is certainly going to have a field day. I can’t wait for popcorn time.
It’s almost certainly going to do well enough that the VCs and insiders will be able to cash out. The founders will be centi-millionaires. But, people who buy in at the IPO price, I wouldn’t be surprised if they lose a lot of money.
I’m not investing because fuck you Spez and wallstreetbets is certainly going to have a field day. I can’t wait for popcorn time.