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Reddit Said to Price IPO at $34 a Share, in a Positive Sign for Tech
- delgaudm 3y agoGlad we could all spend years creating that juicy AI training content so Reddit can get paid! /s
- pants2 3y agoOne has to wonder how valuable that data will be going forward as many power users have left the site and the posts/comments are filling up with more AI-generated nonsense.
- nojs 3y agoThis thread, for example, is on the HN front page right now: https://old.reddit.com/r/Physics/comments/1bii6h4/if_gravity_isnt_a_force_then_why_does_it_need_a/ https://old.reddit.com/r/Physics/comments/1bii6h4/if_gravity... Reading the comments, I would say there are plenty of intelligent users still on the platform willing to continue contributing for free.
- anigbrowl 3y agoReddit is a lot of things, but not what I think of as a tech company. It's occupies a virtual space somewhere between a library and a conference center.
- davidw 3y agoWorth it? I'm leaning towards 'not worth risking it' since I don't have a real sense of the long term value of the company, so the only thing would be trying to get in on the 'pop'.
- yungporko 3y agohave you ever seen an IPO not plummet immediately after opening? serious question, i wouldn't call myself an experienced investor but i never have. i wouldn't touch any IPO with a 10ft pole, especially not a company like reddit who has publicly admitted to not being profitable.
- davidw 3y agoSometimes they go up because it 'looks good' to have them do that. Seems like really expensive advertising for the company to me to leave money on the table like that, but it is a done thing.
- missedthecue 3y agoEbay was up 163% on the morning it went public and then continued to rocket for weeks after. Broadcast.com was even better, up 250% during its first day on the stock exchange.
- rsynnott 3y agoIt's fairly common to 'pop', I would have said somewhat more common than a plummet (at least for real IPOs of real companies, ie not SPAC mergers or similar nonsense).
- davidw 3y agoLooks like reddit did indeed popped. I ended up being cautious and not going for it. Oh well...
- Havoc 3y agoWell /r/wallstreetbets certainly seems stoked though for a variety of reasons
- justforasingle 3y agoAny word from the 'Blackcat' group that said they would leak sensitive info at the IPO? They exfiltrated like 80gb of data a year or so ago.