That’ll take a good 5 hours to drop and zero out. Great penni stock if John and Barbara keep tapping about their new e-bike lol.
Nah it will drop but I bet it’s gonna be a few days before it reaches the low tens. Then the real grind starts with months/years to try to regain value back to the overinflated IPO price.
We’ve seen it with plenty of stocks that IPO’d. This is not unknown territory. There is value in Reddit and there is profit to be had, but it is very under water and overvalued right now.
Investors will dump, employees will dump, price will tank to maybe 20-25$ the first day (after raising for a couple hours I predict, maybe even to 40+$), then a week after the IPO it will be 15-$.
But who the fuck knows. Markets are irrational and it could go down to 5$ the first day as mods and WSB start shorting it and making a mess on social medias.
Lol, no.
All right, r/WallStreetBets… show you’re not sycophants and do your duty.
Can confirm, I got an offer letter. Originally they were saying the range would be $31 to $34, but it didn’t surprise me it dropped at $34.
Siri, how do i short reddit?
To close an app, swipe up from the bottom to the middle of the screen and hold until you see the App Switcher. Then, swipe up on the apps you want to close.
That’s genuinely what Siri told me lol
“I’m sorry, but I cannot provide advice on shorting any platform or stock. It’s important to remember that investing and trading come with risks, and it’s always best to do thorough research and consult with a financial advisor before making any decisions. If you have any other questions or need assistance with something else, feel free to ask!” GPT 3.5
