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Everyone’s take? My inexpert opinion is that current stakeholders want their exit and the IPO isn’t for the users to really buy or promote. Reddit has enough ma

Everyone’s take? My inexpert opinion is that current stakeholders want their exit and the IPO isn’t for the users to really buy or promote. Reddit has enough mainstream recognition for casual investors who don’t use Reddit to try and make some money on the fresh IPO. But then it just becomes a tulip as reality sets in. There’s definitely a chance to make money in greater fool scenarios but also much greater risk. But I’m just a guy making noise. Maybe it’ll rocket to the moon and you can fire life.

linsomniac 3y ago
Correct me if I'm wrong, but the bulk of the existing stakeholders are severely limited in what they can sell over the first, what, 3-6 months, beyond the shares that are part of the IPO.
- Pigalowda 3y ago
  I believe you’re right but my hypothetical is that it won’t have some Robinhoodesque IPO but that it falls in an inevitable but unpredictable short to medium interval. Long enough for me to want more gains if i invest but short enough for me to lose everything because I can’t time it right. Stoachastic if you will. A proper microtubule disassembly that leaves me with my little worthless tubules. Tulipules?
- SnorkelTan 3y ago
  AFIAK, preferred shares (the ones investors buy) typically aren't subject to a lockup once they convert to common stock. They usually don't dump right away since they don't want to tank the market unless the company is actually dogshit and they're pawning it off on a bigger fool.
rchaud 3y ago
Honestly? Reddit is a corpse being propped up like in Weekend at Bernie's in a hope to keep the party going long enough for them to dump enough shares on the secondary market. The founders and bigwigs have cashed out. Ohanian made his fortune and exited years ago, the CEO just made $193m in compensation. Can't be much milk left in the cow.
- Pigalowda 3y ago
  I really hope that is the case. The site sucks. It's got decent product reviews and porn though. That doesn't make it a good investment to me but we'll see. Just because we cheer for something to fail like twitter doesn't mean it happens overnight. Even though it should and would be hilarious.

linsomniac 3y ago

Correct me if I'm wrong, but the bulk of the existing stakeholders are severely limited in what they can sell over the first, what, 3-6 months, beyond the shares that are part of the IPO.

Pigalowda 3y ago
I believe you’re right but my hypothetical is that it won’t have some Robinhoodesque IPO but that it falls in an inevitable but unpredictable short to medium interval. Long enough for me to want more gains if i invest but short enough for me to lose everything because I can’t time it right. Stoachastic if you will. A proper microtubule disassembly that leaves me with my little worthless tubules. Tulipules?
SnorkelTan 3y ago
AFIAK, preferred shares (the ones investors buy) typically aren't subject to a lockup once they convert to common stock. They usually don't dump right away since they don't want to tank the market unless the company is actually dogshit and they're pawning it off on a bigger fool.

rchaud 3y ago

Honestly? Reddit is a corpse being propped up like in Weekend at Bernie's in a hope to keep the party going long enough for them to dump enough shares on the secondary market. The founders and bigwigs have cashed out. Ohanian made his fortune and exited years ago, the CEO just made $193m in compensation. Can't be much milk left in the cow.

Pigalowda 3y ago
I really hope that is the case. The site sucks. It's got decent product reviews and porn though. That doesn't make it a good investment to me but we'll see. Just because we cheer for something to fail like twitter doesn't mean it happens overnight. Even though it should and would be hilarious.