this post was submitted on 11 Mar 2024
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748 million? I'll be surprised if they get more than 748 thousand.
I'm considering buying a few shares (if I can grab just a few) just to watch it burn. And so I can be part of history. Or I'll wait for it crash after the ipo and grab a few as a likely to never profit but might type of play.
You guys really are no fun. I'm not going to throw thousands at them but if robinhood or sofi or whoever will let me grab 5 or less shares, I may make it happen. It's also likely to be a longer term profitable trade if the stock tanks (as I am sure others already expect) and then reddit gets bought out by musk or even openai.
One last edit and then I'm done here. I bet every one of you here is a broke mofo crying about your utilities, groceries, etc going up while you're income stays stagnant. You have fun with that.
If you watch many IPO, you will see it spike quickly then a large dump after that. I know the last IPO I was part of, we couldn't sell for several days after the IPO.
I bought Facebook at $18 thanks to the post IPO dump. I waited for the Google post IPO dump but it never came.