I was for many years a heavy user and while I liked my niche communities, I abhorred the platform and how it was manipulating us through multiple schemes.
Oddly enough, while the communities here are smaller or nonexistent, the experience seems better and healthier.
Maybe in time this will change too.
I'm considering buying a few shares (if I can grab just a few) just to watch it burn. And so I can be part of history. Or I'll wait for it crash after the ipo and grab a few as a likely to never profit but might type of play.
You guys really are no fun. I'm not going to throw thousands at them but if robinhood or sofi or whoever will let me grab 5 or less shares, I may make it happen. It's also likely to be a longer term profitable trade if the stock tanks (as I am sure others already expect) and then reddit gets bought out by musk or even openai.
One last edit and then I'm done here. I bet every one of you here is a broke mofo crying about your utilities, groceries, etc going up while you're income stays stagnant. You have fun with that.
Clearly you aren't doing it right. Me buying shares is a death knell for companies. I'd be surprised if my broker doesn't give companies a courtesy call when I've bought a few shares to let 'em know the company's about to go under.
At the very least, me buying shares in a company makes certain it will never rise any higher than at that share price, not until right after I’ve sold my shares.
If you watch many IPO, you will see it spike quickly then a large dump after that. I know the last IPO I was part of, we couldn't sell for several days after the IPO.
Days? When my company went public employees couldn't sell their stock for several months. And as soon as we could the price tanked, because everyone wanted to cash out.
The selling was understandable, having 80% of your net worth in a single stock is scary, but hundreds of first-time stock owners doing a fire sale didn't do the stock price any favors.
I read the Reddit S-1, the lock-up period is three days. Yeah, I'm a nerd, but in this case it was more just wanting to know how long Huffman et al will be forced to sit and watch the stocks freefall before they could ditch them, lol.
I want some, if nothing else as a souvenir of all the time I spent there before the place turned to shit. Too bad nobody makes actual certificates anymore, I would pay extra to get a few shares in certificate form.
No way I am paying that much for it. The true value is probably much closer to $.30 than $30.
the way they took away awards, even old awards, was so fucking stupid and demeaning to the site as a whole. i don't see anyone using awards at all anymore
It’s just hilarious to me how they have moderators on their platform doing all the work for them FOR FREE and they just sit there and try to get money for it.
There needs to be more of a movement away from Reddit towards things like Lemmy.
