In its IPO documents, Reddit said the price and volume of its stock could “experience extreme volatility for reasons unrelated to our underlying business.”
  • JustMy2c@lemm.eeEnglish
    41·
    8 months ago

    The guys organizing the ipo will become very very rich even if it tanks later. They sell for their price. Afterwards, it tanks.

    • Flying Squid@lemmy.worldEnglish
      2·
      8 months ago

      They’re already rich. You’re not going to make them poorer either way.

      On the other hand, it will make spez look like a big fool, which I will enjoy.

      I’ll take my schadenfreude where I can get it.