A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock.
A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock.
“Yea I’m not buying. But I will be watching it tank.”
A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock.::Reddit seems like a likely candidate for a meme stock. But the actual reaction suggests that r/WallStreetBets isn’t going to send the stock to the moon.
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What's an IPO?
Company goes on the stock market so anyone can buy stock in that company.
Usually means that said company makes a ton of money but also have to keep these new investors happy and make the company more profitable. Can often lead to enshitification.
Has always led to enshittification
Is there a case where it actually hasn't led to enshitification?
What's a stock?
stock is just a publicly listed company, they sell ownership (shares) of the company to the public. As part owner you can sometimes vote for what they will do (the company tends to hold over 50% so they decide everything still). Some companies will give their shareholders dividends which is money based on how much they make
You can also sell your ownership stake to others which is where you will make or lose most of your money
Shorting is betting a stock will go down, you borrow a stock and sell it before you actually own it. Then when the stock goes down in value you get to keep the difference
A piece or 'share' of a company you can buy.
Are often bought and sold on big 'stock markets' in places like New York and London.
Sometimes buying stock comes with benefits like having a vote on certain decisions or getting payments or 'dividends' from the company if it is very profitable.