/biz/ - Business & Finance

a totally unprofitable meme company universally despised by all except boomers with negative growth yeah i’m buying

May do a trade on IPO but this shit is going to look like COIN

honestly a top signal this is the beginning of the real bear market

>>55323074
the stock market is such that the CEO of Reddit could be caught with cp on his computer and yet somehow that would raise the vaue of Reddit stocks.

>>55323074
They can't even make money off their own app when third party developers managed to.

>>55323074
Why would you buy that censored piece of shit? Reddit is a circlejerk thats all

>>55323239
third party apps don’t foot electric bills

>>55323188
the ceo used to moderate the jailbait subreddit, by the way

>>55323074
HOOD, COIN, everything crashes at launch. With the recent reddit drama, you should short this stock (ticker : REDD) when it goes public. It will only paint RED cande at launch.

a 15b ipo for a company with 150mm REV yoy
can i short it?

>>55323074
Those who took installed an astrosurfing pay-to-play scheme on big subreddits squeezed it to the max, but reddit itself never made money and never will.
And now it's dying.

>>55323547
-took

>>55323074
redditards tongue my anus

>>55323074
it's going to be a VC exit scam

>>55323476
it's wild that they have so much user generated data on there and don't know how to make it profitable. it's beyond stupid

>>55323600
they probably hope that the AI companies are going to be paying them lots of money when they start charging for API usage. those companies will probably just webscrape the data instead of paying though

>>55323674
good observation. no wonder. this all seems so sudden. they must be working on the very thing you said. really interesting.

>>55323074
I might try and short it

>>55323674
you dog reddit is going to become profitable by profiting from unprofitable companies developing vaporware and max bankman frauding retarded profit driven VCs

>>55323074

I don't like the Reddit culture. So no, I won't be investing in a company I hate.

>>55323600
Not to mention the literal FREE LABOR from moderators. Anyway, it's probably all the bloated shit features they keep adding that nobody asked for and nobody uses. Livestreaming, native pic/video uploading, chat rooms, avatars, etc. Old reddit is very cheap, just text and a few small easily cached images, and images/videos are hosted off site and linked to.
Text is the main value to normal people (looking for discussions/answers about very specific questions or topics), and AI companies developing LLMs anyway. They could easily be profitable if they stripped all that bullshit away and went back to the lightweight older version. But like most leftist companies they have to shove as much shit into their product and hire 1000 useless roasties.

>>55323415
This. Imagine falling for the IPO scam at this stage of the game

>>55323089
>>55323177
This
Plebbit missed the IPO bubble last time they were classics beta overthinkers considering preparing and sheit

I guess this time they will hire advisors to time the merciless milking of dumb money udders.
There is no greater fool than someone buying reddit stock so they have exactly one shot

>>55323074
sure if its released as a token on eth like ftx. oh whats that you say? I have to beg an old man to kyc for le nasdaqs? nty

>>55323409
https://news.ycombinator.com/item?id=36294430

Apparently it was possible to add anyone as mod and the invite would be automatically approved.

But, after removing himself as mod, he still kept the subreddit on despite knowing of its existence,

So, same difference really.

>>55323074
Look at all other unprofitable tech IPOs
now you tell me

that said, consider how much data reddit has. It's a key input into AI pipelines. Depending on the valuation, it could actually be a good buy. i.e. risking a 100% loss for a potential 50x

>>55323074
I'd rather stack up on my spot bag of Sylo instead of wasting my time on this shit. At least I know what they're building with its decentralization game, and their root network just went live, so it's looking promising.

>>55323415
Kek, that's gonna leave some red stains on your portfolio for sure. I never buy without knowing the partners or the use case. That's why projects like holoride always catch my attention with their solid partnerships. They stand out from the rest as it has created the path for in-car entertainment, no doubt about it.

>>55323074
How does Reddit generate revenue? Ads?

Like Coinbase, the price will plummet after the IPO. I've never shorted anything but this is literally free money, fuck.

>>55327305
Aids