Reddit is inviting some users to participate in its IPO this week, but moderators told CNBC that they're not taking the company up on its offer.
  • KoboldCoterie@pawb.socialEnglish
    492·
    3 months ago

    “It’s being mocked so much it’s almost a meme,” she said. “I think a lot of those jeering secretly don’t want to be left out of things if this turns into a GameStop.”

    This line especially is funny, because the majority of the people who bought into the GameStop thing ended up losing their money because they didn’t sell when it was up, or bought in too late. The loss denial from that is what led to the whole Bed, Bath & Beyond stock BS which led to many more people losing money. I think the people who “don’t want to be left out” if Reddit goes that direction have a very rose-tinted view of what happened there.

    • AwkwardLookMonkeyPuppet@lemmy.worldEnglish
      12·
      3 months ago

      Me and a friend bought in, knowing that it was probably too late. I made a decision that I would rather lose all my money than sell at a loss. The stock jumped like another $90 right after we bought and then the bottom fell out the next day. We waited about a week and my friend decided to sell at a loss, losing $800. I refused to sell. A couple weeks later it spiked back up early in the morning and my sell order executed. I ended up making a few bucks on the whole thing. The most important lesson I learned from that experience is that I’m not as risk tolerant as I thought I was. I decided never to buy meme stocks, or risky stocks again, and I think Reddit’s IPO falls into at least one of those categories.

  • metallic_substance@lemmy.world
    18·
    3 months ago

    Fingers crossed that it will be a total fucking shit show when they go IPO 🍿

    Oh, and fuck Spez. Fuck him in the ass with a jackhammer and some glass

  • NauticalNoodle@lemmy.ml
    12·
    3 months ago

    Early last year I promised myself I would delete all of my accounts and leave reddit for good the day they launched their IPO. I’m a few hours early but both of my accounts are now officially deleted.

    -fuck u/spez

    • EmpathicVagrant@lemmy.world
      7·
      3 months ago

      When people shifted over to here last summer I remember issue with comments and accounts being un-deleted, or changed back to what they were. I don’t know if that’s still happening but the archive still has both your accounts and all content.

    • cqthca@reddthat.com
      11·
      3 months ago

      now-a-days if you hurt someones feelings they ban you if you go to r/reddit there is a mention of a user (by name) who got banned for saying Wesley Crusher [a ficional character] is a soy-boy

      If they keep banning people for shit like this, they won’t have any customers. And the character was a soy-boy.