Jeze3D 64bitReddit wants to raise $748M with IPO, sets value at $6.4B
748 million? I'll be surprised if they get more than 748 thousand.
I’m considering buying a few shares (if I can 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.
If you’re buying, you’re stopping it from burning…
rudyharrelsonClearly 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.
I feel like we could benefit from a support group. There has to be dozens of us.
I made quite a bit of money back in the day on Apple. Bought their shares dirt cheap, and watch them come back from the brink of irrelevance.
… Then they said they were making a phone. “That’s never gonna work”, I said to myself, and sold it all.
At least I made a nice profit, right?
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.
Jo MiranI bought Facebook at $18 thanks to the post IPO dump. I waited for the Google post IPO dump but it never came.
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.
By the time we could sell. The stock had already dropped. It never really recovered after that
db0Voluntary bagholder or P&D gambler?
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.
Doesn’t get more brainless
VoyajerHow to get downvotes:
-Complain about getting downvoted
-Name call anyone who does not upvote your comment
part of history
What every idiot who lost money on Gamestop said.
I might wheel it after it tanks, but probably not. My tax advisor always lectures me when I make money wheeling.
HausThree fiddy.